Tekla Healthcare Investors (HQH) Position Increased by First Trust Advisors LP
First Trust Advisors LP boosted its stake in Tekla Healthcare Investors (NYSE:HQH) by 75.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,845 shares of the financial services provider’s stock after acquiring an additional 33,833 shares during the period. First Trust Advisors LP owned 0.19% of Tekla Healthcare Investors worth $1,778,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in HQH. SeaCrest Wealth Management LLC bought a new stake in Tekla Healthcare Investors in the fourth quarter valued at $121,000. Acropolis Investment Management LLC bought a new stake in shares of Tekla Healthcare Investors during the 4th quarter valued at $130,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Tekla Healthcare Investors during the 3rd quarter valued at $368,000. Opera Trading Capital bought a new stake in shares of Tekla Healthcare Investors during the 4th quarter valued at $461,000. Finally, Claraphi Advisory Network LLC bought a new stake in shares of Tekla Healthcare Investors during the 4th quarter valued at $576,000. Institutional investors and hedge funds own 19.28% of the company’s stock.
In other Tekla Healthcare Investors news, Director Thomas M. Kent bought 1,100 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were purchased at an average price of $24.19 per share, for a total transaction of $26,609.00. Following the acquisition, the director now owns 1,100 shares in the company, valued at approximately $26,609. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.00% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Wednesday, February 28th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.59%. The ex-dividend date is Tuesday, February 27th.
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Tekla Healthcare Investors Profile
Tekla Healthcare Investors is a non-diversified closed-end healthcare fund. The Fund’s investment objective is to seek long-term capital appreciation by investing primarily in securities of healthcare companies. It seeks to provide regular distribution of realized capital gains. It may invest up to 20% of its net assets in securities of foreign issuers, located primarily in Western Europe, Canada and Japan, and securities of United States issuers that are traded in foreign markets.
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