Tekla Healthcare Investors (NYSE:HQH) Reaches New 52-Week Low at $15.86

Shares of Tekla Healthcare Investors (NYSE:HQH) reached a new 52-week low during trading on Monday . The company traded as low as $15.86 and last traded at $15.87, with a volume of 43987 shares. The stock had previously closed at $15.97.

Tekla Healthcare Investors Trading Down 0.6 %

The business’s 50 day moving average is $16.87 and its 200 day moving average is $17.17.

Tekla Healthcare Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, August 25th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.08%.

Hedge Funds Weigh In On Tekla Healthcare Investors

A number of large investors have recently made changes to their positions in HQH. Cornerstone Advisors LLC boosted its stake in shares of Tekla Healthcare Investors by 145.2% during the 2nd quarter. Cornerstone Advisors LLC now owns 285,159 shares of the financial services provider’s stock worth $4,862,000 after purchasing an additional 168,859 shares during the period. Morgan Stanley boosted its position in Tekla Healthcare Investors by 4.9% in the 4th quarter. Morgan Stanley now owns 3,118,800 shares of the financial services provider’s stock valued at $56,138,000 after buying an additional 144,494 shares during the period. Logan Stone Capital LLC purchased a new stake in Tekla Healthcare Investors in the 4th quarter valued at about $1,787,000. Karpus Management Inc. purchased a new stake in Tekla Healthcare Investors in the 2nd quarter valued at about $1,460,000. Finally, Advisors Asset Management Inc. boosted its position in Tekla Healthcare Investors by 107.8% in the 1st quarter. Advisors Asset Management Inc. now owns 134,225 shares of the financial services provider’s stock valued at $2,369,000 after buying an additional 69,632 shares during the period. 18.55% of the stock is owned by hedge funds and other institutional investors.

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.