Tortoise Energy Independence Fund (NYSE:NDP) Shares Up 1%

Tortoise Energy Independence Fund, Inc. (NYSE:NDP) was up 1% on Monday . The company traded as high as $33.43 and last traded at $33.42. Approximately 2,476 shares traded hands during trading, a decline of 59% from the average daily volume of 5,984 shares. The stock had previously closed at $33.09.

Tortoise Energy Independence Fund Price Performance

The firm’s fifty day moving average is $30.24 and its two-hundred day moving average is $30.23.

Tortoise Energy Independence Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 22nd were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 7.54%. The ex-dividend date was Wednesday, February 21st.

Institutional Trading of Tortoise Energy Independence Fund

Several institutional investors have recently modified their holdings of the company. Bulldog Investors LLP boosted its holdings in Tortoise Energy Independence Fund by 21.3% during the fourth 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 in the last quarter. 1607 Capital Partners LLC boosted its stake in shares of Tortoise Energy Independence Fund by 13.3% during the 4th quarter. 1607 Capital Partners LLC now owns 79,261 shares of the company’s stock worth $2,272,000 after acquiring an additional 9,277 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Tortoise Energy Independence Fund by 5.2% in the 1st quarter. Bank of America Corp DE now owns 35,243 shares of the company’s stock worth $1,046,000 after acquiring an additional 1,732 shares during the last quarter. Wolverine Asset Management LLC raised its position in shares of Tortoise Energy Independence Fund by 51.1% during the fourth quarter. Wolverine Asset Management LLC now owns 29,662 shares of the company’s stock worth $850,000 after purchasing an additional 10,025 shares during the period. Finally, Matisse Capital acquired a new stake in shares of Tortoise Energy Independence Fund during the fourth quarter worth $759,000.

About Tortoise Energy Independence Fund

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.