Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) Shares Up 1%

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF)’s share price shot up 1% during mid-day trading on Wednesday . The stock traded as high as $11.50 and last traded at $11.40. 28,970 shares traded hands during trading, a decline of 40% from the average session volume of 48,239 shares. The stock had previously closed at $11.29.

Ecofin Sustainable and Social Impact Term Fund Stock Performance

The firm has a 50 day simple moving average of $11.52 and a 200-day simple moving average of $11.59.

Ecofin Sustainable and Social Impact Term Fund Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, April 22nd.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada raised its stake in Ecofin Sustainable and Social Impact Term Fund by 1.8% during the first quarter. Royal Bank of Canada now owns 40,035 shares of the company’s stock worth $605,000 after acquiring an additional 720 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in Ecofin Sustainable and Social Impact Term Fund by 7.6% in the third quarter. B. Riley Wealth Advisors Inc. now owns 12,062 shares of the company’s stock valued at $144,000 after acquiring an additional 857 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Ecofin Sustainable and Social Impact Term Fund by 2.4% in the third quarter. D.A. Davidson & CO. now owns 39,734 shares of the company’s stock valued at $476,000 after acquiring an additional 913 shares during the last quarter. CreativeOne Wealth LLC boosted its holdings in Ecofin Sustainable and Social Impact Term Fund by 2.9% in the third quarter. CreativeOne Wealth LLC now owns 43,796 shares of the company’s stock valued at $558,000 after acquiring an additional 1,217 shares during the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. boosted its holdings in Ecofin Sustainable and Social Impact Term Fund by 17.7% in the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 9,510 shares of the company’s stock valued at $114,000 after acquiring an additional 1,430 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.