Tortoise Energy Independence Fund (NYSE:NDP) Trading Up 1.9% – What’s Next?

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

Tortoise Energy Independence Fund Stock Up 1.9 %

The stock has a fifty day moving average of $41.66 and a 200-day moving average of $38.65.

Tortoise Energy Independence Fund Announces Dividend

The firm also recently announced a — dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 6th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a yield of 5.8%.

Institutional Investors Weigh In On Tortoise Energy Independence Fund

Several hedge funds have recently bought and sold shares of NDP. Bayshore Asset Management LLC bought a new stake in shares of Tortoise Energy Independence Fund during the third quarter worth $714,000. Almitas Capital LLC bought a new stake in shares of Tortoise Energy Independence Fund in the second quarter valued at about $546,000. Wolverine Asset Management LLC bought a new position in shares of Tortoise Energy Independence Fund during the third quarter worth about $148,000. Quarry LP acquired a new stake in Tortoise Energy Independence Fund in the 3rd quarter valued at approximately $131,000. Finally, Blue Bell Private Wealth Management LLC boosted its position 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 acquiring an additional 2,001 shares during the last quarter.

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.