Tortoise Energy Independence Fund (NYSE:NDP) Trading 1.9% Higher – Here’s What Happened

Shares of Tortoise Energy Independence Fund, Inc. (NYSE:NDP) were up 1.9% during mid-day trading on Monday . The company traded as high as $40.45 and last traded at $40.40. Approximately 9,311 shares were traded during trading, an increase of 59% from the average daily volume of 5,846 shares. The stock had previously closed at $39.64.

Tortoise Energy Independence Fund Stock Performance

The business’s 50 day simple moving average is $41.66 and its two-hundred day simple moving average is $38.65.

Tortoise Energy Independence Fund Announces Dividend

The company also recently declared a — dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 6th were given a $0.255 dividend. The ex-dividend date was Friday, December 6th. This represents a dividend yield of 5.8%.

Institutional Investors Weigh In On Tortoise Energy Independence Fund

Hedge funds have recently added to or reduced their stakes in the business. Blue Bell Private Wealth Management LLC raised its stake in Tortoise Energy Independence Fund by 18.5% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 12,807 shares of the company’s stock worth $463,000 after buying an additional 2,001 shares during the period. Quarry LP bought a new position in shares of Tortoise Energy Independence Fund during the 3rd quarter worth approximately $131,000. Wolverine Asset Management LLC purchased a new position in Tortoise Energy Independence Fund in the third quarter worth $148,000. Almitas Capital LLC bought a new position in Tortoise Energy Independence Fund during the second quarter valued at about $546,000. Finally, Bayshore Asset Management LLC bought a new position in shares of Tortoise Energy Independence Fund during the 3rd quarter valued at approximately $714,000.

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.