Tekla Healthcare Investors (NYSE:HQH) Reaches New 1-Year Low at $17.37

Tekla Healthcare Investors (NYSE:HQHGet Rating) shares hit a new 52-week low on Friday . The stock traded as low as $17.37 and last traded at $17.37, with a volume of 727 shares traded. The stock had previously closed at $17.70.

Tekla Healthcare Investors Price Performance

The firm’s 50-day moving average price is $19.31 and its two-hundred day moving average price is $19.62.

Tekla Healthcare Investors Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, August 26th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 25th. This represents a $1.60 annualized dividend and a dividend yield of 9.26%.

Institutional Investors Weigh In On Tekla Healthcare Investors

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its position in Tekla Healthcare Investors by 4.3% during the first quarter. Royal Bank of Canada now owns 531,858 shares of the financial services provider’s stock valued at $11,047,000 after acquiring an additional 21,993 shares during the last quarter. Walker Asset Management LLC purchased a new stake in Tekla Healthcare Investors during the second quarter valued at approximately $10,123,000. Raymond James Financial Services Advisors Inc. lifted its position in Tekla Healthcare Investors by 4.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 344,616 shares of the financial services provider’s stock valued at $7,158,000 after acquiring an additional 15,069 shares during the last quarter. LPL Financial LLC lifted its position in Tekla Healthcare Investors by 7.8% during the second quarter. LPL Financial LLC now owns 306,836 shares of the financial services provider’s stock valued at $5,735,000 after acquiring an additional 22,144 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in Tekla Healthcare Investors by 3.2% during the first quarter. Bank of America Corp DE now owns 297,138 shares of the financial services provider’s stock valued at $6,171,000 after acquiring an additional 9,228 shares during the last quarter. Hedge funds and other institutional investors own 17.78% of the company’s stock.

About Tekla Healthcare Investors

(Get Rating)

Tekla Healthcare Investors is a closed-ended equity mutual fund launched and managed by Tekla Capital Management LLC. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the healthcare sector, including the biotechnology, medical devices, and pharmaceuticals industries.

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