Tortoise Energy Independence Fund (NYSE:NDP) Trading Up 0.7%

Shares of Tortoise Energy Independence Fund, Inc. (NYSE:NDP) traded up 0.7% during trading on Friday . The stock traded as high as $37.60 and last traded at $37.54. 8,351 shares were traded during mid-day trading, an increase of 57% from the average session volume of 5,317 shares. The stock had previously closed at $37.30.

Tortoise Energy Independence Fund Trading Up 0.7 %

The business’s 50-day simple moving average is $37.06 and its two-hundred day simple moving average is $35.16.

Tortoise Energy Independence Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 23rd were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 6.71%. The ex-dividend date was Friday, August 23rd.

Institutional Trading of Tortoise Energy Independence Fund

A number of large investors have recently bought and sold shares of NDP. Bulldog Investors LLP grew its position in shares of Tortoise Energy Independence Fund by 21.3% during the 4th quarter. Bulldog Investors LLP now owns 103,405 shares of the company’s stock worth $2,964,000 after buying an additional 18,140 shares during the period. Almitas Capital LLC bought a new position in Tortoise Energy Independence Fund during the second quarter worth $546,000. 1607 Capital Partners LLC grew its holdings in Tortoise Energy Independence Fund by 13.3% in the fourth quarter. 1607 Capital Partners LLC now owns 79,261 shares of the company’s stock worth $2,272,000 after purchasing an additional 9,277 shares during the period. Finally, Blue Bell Private Wealth Management LLC increased its stake in Tortoise Energy Independence Fund by 18.5% in the second quarter. Blue Bell Private Wealth Management LLC now owns 12,807 shares of the company’s stock valued at $463,000 after purchasing an additional 2,001 shares in the last quarter.

Tortoise Energy Independence Fund Company Profile

Tortoise Energy Independence Fund, Inc is a close ended equity mutual fund launched and managed by Tortoise Capital Advisors LLC The fund invests in the public equity markets of the North American. It seeks to invest primarily in the energy sector. The fund employs a fundamental analysis with a bottom up stock picking approach with focus on factors like quantitative, qualitative, and relative value factors to create its portfolio.