Tekla Healthcare Investors (NYSE:HQH) Shares Bought by Royal Bank of Canada

Royal Bank of Canada lifted its stake in shares of Tekla Healthcare Investors (NYSE:HQH – Get Rating) by 3.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 590,401 shares of the financial services provider’s stock after acquiring an additional 19,417 shares during the quarter. Royal Bank of Canada owned about 1.27% of Tekla Healthcare Investors worth $10,202,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in HQH. CoreCap Advisors LLC acquired a new position in shares of Tekla Healthcare Investors during the second quarter valued at approximately $34,000. Truvestments Capital LLC acquired a new position in shares of Tekla Healthcare Investors during the second quarter valued at approximately $47,000. SeaCrest Wealth Management LLC acquired a new position in shares of Tekla Healthcare Investors during the second quarter valued at approximately $108,000. Captrust Financial Advisors acquired a new position in shares of Tekla Healthcare Investors during the second quarter valued at approximately $134,000. Finally, D.A. Davidson & CO. acquired a new position in shares of Tekla Healthcare Investors during the third quarter valued at approximately $180,000. Institutional investors and hedge funds own 17.30% of the company’s stock.

Tekla Healthcare Investors Trading Down 1.9 %

NYSE HQH opened at $17.29 on Friday. Tekla Healthcare Investors has a 12 month low of $17.03 and a 12 month high of $22.31. The company’s 50 day simple moving average is $18.52 and its 200 day simple moving average is $18.54.

Tekla Healthcare Investors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Monday, February 27th will be given a $0.42 dividend. This is a positive change from Tekla Healthcare Investors’s previous quarterly dividend of $0.39. The ex-dividend date is Friday, February 24th. This represents a $1.68 annualized dividend and a yield of 9.72%.

Tekla Healthcare Investors Profile

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Tekla Healthcare Investors is a closed-end investment fund, which engages in investing in the healthcare industry including biotechnology, medical devices, and pharmaceuticals. Its objective is to provide long-term capital appreciation through investments in companies in the healthcare industry. The company was founded on October 31, 1986 and is headquartered in Boston, MA.