Bank of Montreal Can grew its position in Tekla Healthcare Investors (NYSE:HQH) by 429.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,122 shares of the financial services provider’s stock after acquiring an additional 46,326 shares during the quarter. Bank of Montreal Can’s holdings in Tekla Healthcare Investors were worth $1,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in HQH. Citigroup Inc. increased its stake in Tekla Healthcare Investors by 5,431.6% in the 1st quarter. Citigroup Inc. now owns 2,102 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 2,064 shares during the last quarter. Bartlett & Co. LLC purchased a new position in shares of Tekla Healthcare Investors in the 1st quarter worth approximately $39,000. Parallel Advisors LLC boosted its holdings in shares of Tekla Healthcare Investors by 80.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,101 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 934 shares during the period. Rockefeller Capital Management L.P. purchased a new position in shares of Tekla Healthcare Investors in the 1st quarter worth approximately $47,000. Finally, Truvestments Capital LLC purchased a new position in shares of Tekla Healthcare Investors in the 1st quarter worth approximately $53,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.
Shares of Tekla Healthcare Investors stock opened at $20.90 on Wednesday. The stock has a 50 day moving average price of $21.00 and a 200-day moving average price of $20.23. Tekla Healthcare Investors has a one year low of $13.78 and a one year high of $22.56.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, August 28th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $1.96 dividend on an annualized basis and a yield of 9.38%. This is a boost from Tekla Healthcare Investors’s previous quarterly dividend of $0.41.
Tekla Healthcare Investors Company Profile
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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