Tekla World Healthcare Fund (NYSE:THW – Get Rating) announced a monthly dividend on Friday, November 11th, Wall Street Journal reports. Investors of record on Monday, November 21st will be given a dividend of 0.1167 per share on Wednesday, November 30th. This represents a $1.40 dividend on an annualized basis and a yield of 9.86%. The ex-dividend date of this dividend is Friday, November 18th.

Tekla World Healthcare Fund Trading Down 0.7 %

Tekla World Healthcare Fund stock traded down $0.10 during trading hours on Friday, hitting $14.20. The stock had a trading volume of 128,872 shares, compared to its average volume of 118,214. The company has a 50-day moving average of $13.58 and a two-hundred day moving average of $14.59. Tekla World Healthcare Fund has a fifty-two week low of $12.51 and a fifty-two week high of $16.94.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its holdings in Tekla World Healthcare Fund by 27.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 39,400 shares of the company's stock valued at $600,000 after buying an additional 8,589 shares during the period. Private Advisor Group LLC boosted its position in shares of Tekla World Healthcare Fund by 7.9% during the 1st quarter. Private Advisor Group LLC now owns 13,191 shares of the company's stock valued at $201,000 after acquiring an additional 962 shares in the last quarter. Cetera Investment Advisers increased its stake in Tekla World Healthcare Fund by 5.8% in the first quarter. Cetera Investment Advisers now owns 29,663 shares of the company's stock valued at $452,000 after acquiring an additional 1,628 shares during the period. NewEdge Advisors LLC raised its position in Tekla World Healthcare Fund by 44.6% in the first quarter. NewEdge Advisors LLC now owns 20,100 shares of the company's stock worth $306,000 after purchasing an additional 6,200 shares in the last quarter. Finally, Centaurus Financial Inc. lifted its stake in Tekla World Healthcare Fund by 1.1% during the first quarter. Centaurus Financial Inc. now owns 133,149 shares of the company's stock worth $2,028,000 after purchasing an additional 1,384 shares during the period.

About Tekla World Healthcare Fund

Tekla World Healthcare Fund is a closed-ended balanced mutual fund launched and managed by Tekla Capital Management LLC. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in stocks of companies operating in the healthcare sector. For its fixed income portion, the fund primarily invests in corporate debt securities.

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