Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) Trading Up 1.7% – Here’s What Happened

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) traded up 1.7% during mid-day trading on Thursday . The stock traded as high as $12.33 and last traded at $12.33. 24,320 shares were traded during trading, a decline of 9% from the average session volume of 26,862 shares. The stock had previously closed at $12.12.

Ecofin Sustainable and Social Impact Term Fund Price Performance

The stock’s 50-day moving average is $12.31 and its 200 day moving average is $12.45.

Ecofin Sustainable and Social Impact Term Fund Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, January 24th.

Hedge Funds Weigh In On Ecofin Sustainable and Social Impact Term Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. acquired a new position in shares of Ecofin Sustainable and Social Impact Term Fund during the 2nd quarter worth $51,000. Quarry LP lifted its holdings in shares of Ecofin Sustainable and Social Impact Term Fund by 14.8% in the third quarter. Quarry LP now owns 8,493 shares of the company’s stock valued at $111,000 after purchasing an additional 1,093 shares in the last quarter. Beckerman Institutional LLC acquired a new stake in shares of Ecofin Sustainable and Social Impact Term Fund in the third quarter valued at approximately $134,000. HighTower Advisors LLC purchased a new position in shares of Ecofin Sustainable and Social Impact Term Fund during the 3rd quarter worth approximately $137,000. Finally, B. Riley Wealth Advisors Inc. raised its position in shares of Ecofin Sustainable and Social Impact Term Fund by 8.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 13,109 shares of the company’s stock worth $151,000 after purchasing an additional 1,047 shares during the last quarter.

About Ecofin Sustainable and Social Impact Term Fund

Tortoise Essential Assets Income Term Fund is a closed-ended balanced mutual fund launched and managed by Tortoise Capital Advisors LLC It invests in equity and fixed income markets. The fund seeks to invest in securities of companies operating in the essential asset sectors, which includes education, housing, healthcare, social and human services, power, water, energy, infrastructure, basic materials, industrial, transportation and telecommunications sectors.