Royal Bank of Canada Reduces Position in Tekla Healthcare Investors (NYSE:HQH)

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Royal Bank of Canada lessened its stake in shares of Tekla Healthcare Investors (NYSE:HQH) by 11.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 432,622 shares of the financial services provider’s stock after selling 53,323 shares during the quarter. Royal Bank of Canada owned approximately 1.02% of Tekla Healthcare Investors worth $8,687,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Morgan Stanley lifted its position in Tekla Healthcare Investors by 0.5% during the second quarter. Morgan Stanley now owns 3,135,755 shares of the financial services provider’s stock valued at $62,966,000 after buying an additional 14,681 shares during the period. City of London Investment Management Co. Ltd. lifted its position in Tekla Healthcare Investors by 9.1% during the second quarter. City of London Investment Management Co. Ltd. now owns 668,401 shares of the financial services provider’s stock valued at $13,425,000 after buying an additional 55,900 shares during the period. Punch & Associates Investment Management Inc. lifted its position in Tekla Healthcare Investors by 5.1% during the first quarter. Punch & Associates Investment Management Inc. now owns 356,299 shares of the financial services provider’s stock valued at $7,318,000 after buying an additional 17,354 shares during the period. Wells Fargo & Company MN lifted its position in Tekla Healthcare Investors by 21.5% during the second quarter. Wells Fargo & Company MN now owns 262,410 shares of the financial services provider’s stock valued at $5,269,000 after buying an additional 46,491 shares during the period. Finally, Cohen & Steers Inc. lifted its position in Tekla Healthcare Investors by 2.9% during the second quarter. Cohen & Steers Inc. now owns 163,743 shares of the financial services provider’s stock valued at $3,288,000 after buying an additional 4,653 shares during the period. 21.01% of the stock is owned by institutional investors.

Shares of Tekla Healthcare Investors stock opened at $17.99 on Wednesday. The business has a fifty day simple moving average of $18.72 and a two-hundred day simple moving average of $19.50. Tekla Healthcare Investors has a 12 month low of $16.50 and a 12 month high of $22.22.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, August 28th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 10.01%. The ex-dividend date of this dividend was Tuesday, August 27th.

Tekla Healthcare Investors 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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Institutional Ownership by Quarter for Tekla Healthcare Investors (NYSE:HQH)

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