Tekla World Healthcare Fund (NYSE:THW – Get Rating) declared a monthly dividend on Friday, December 9th, Zacks reports. Stockholders of record on Monday, December 19th will be paid a dividend of 0.117 per share on Friday, December 30th. This represents a $1.40 annualized dividend and a dividend yield of 8.91%. The ex-dividend date is Friday, December 16th. This is a boost from Tekla World Healthcare Fund's previous monthly dividend of $0.12.

Tekla World Healthcare Fund Trading Up 1.8 %

Shares of NYSE THW opened at $15.76 on Thursday. The stock has a 50 day simple moving average of $14.02 and a 200-day simple moving average of $14.45. Tekla World Healthcare Fund has a 12-month low of $12.51 and a 12-month high of $16.50.

Hedge Funds Weigh In On Tekla World Healthcare Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. acquired a new position in shares of Tekla World Healthcare Fund during the third quarter worth approximately $183,000. Jane Street Group LLC acquired a new position in shares of Tekla World Healthcare Fund during the third quarter worth approximately $251,000. LPL Financial LLC lifted its position in Tekla World Healthcare Fund by 5.8% in the second quarter. LPL Financial LLC now owns 148,858 shares of the company's stock worth $2,144,000 after purchasing an additional 8,147 shares during the period. Royal Bank of Canada lifted its position in Tekla World Healthcare Fund by 0.3% in the first quarter. Royal Bank of Canada now owns 636,571 shares of the company's stock worth $9,695,000 after purchasing an additional 1,630 shares during the period. Finally, UBS Group AG lifted its position in Tekla World Healthcare Fund by 2.3% in the first quarter. UBS Group AG now owns 293,614 shares of the company's stock worth $4,472,000 after purchasing an additional 6,616 shares during the period.

Tekla World Healthcare Fund Company Profile

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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