Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) Shares Down 0.6% – Here’s What Happened

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF)’s share price was down 0.6% during trading on Tuesday . The company traded as low as $11.66 and last traded at $11.70. Approximately 73,672 shares traded hands during trading, an increase of 122% from the average daily volume of 33,194 shares. The stock had previously closed at $11.77.

Ecofin Sustainable and Social Impact Term Fund Price Performance

The company has a 50-day simple moving average of $12.05 and a two-hundred day simple moving average of $12.43.

Ecofin Sustainable and Social Impact Term Fund Announces Dividend

The business also recently declared a — dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 23rd will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a yield of 9%.

Institutional Trading of Ecofin Sustainable and Social Impact Term Fund

Large investors have recently added to or reduced their stakes in the stock. Castlekeep Investment Advisors LLC bought a new position in shares of Ecofin Sustainable and Social Impact Term Fund during the 4th quarter valued at approximately $12,346,000. Sit Investment Associates Inc. lifted its stake in Ecofin Sustainable and Social Impact Term Fund by 147.0% in the fourth quarter. Sit Investment Associates Inc. now owns 333,427 shares of the company’s stock valued at $4,001,000 after purchasing an additional 198,429 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. grew its holdings in Ecofin Sustainable and Social Impact Term Fund by 134.8% during the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 265,279 shares of the company’s stock valued at $3,183,000 after purchasing an additional 152,317 shares during the period. Private Advisor Group LLC increased its position in Ecofin Sustainable and Social Impact Term Fund by 6.8% in the fourth quarter. Private Advisor Group LLC now owns 154,900 shares of the company’s stock worth $1,859,000 after buying an additional 9,800 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Ecofin Sustainable and Social Impact Term Fund in the fourth quarter valued at $1,085,000.

Ecofin Sustainable and Social Impact Term Fund Company Profile

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.