Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) Trading 0.4% Higher – Here’s What Happened

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) was up 0.4% during trading on Friday . The stock traded as high as $11.43 and last traded at $11.36. 14,443 shares were traded during trading, a decline of 61% from the average daily volume of 36,680 shares. The stock had previously closed at $11.32.

Ecofin Sustainable and Social Impact Term Fund Price Performance

The stock’s 50-day simple moving average is $11.27 and its 200 day simple moving average is $11.97.

Ecofin Sustainable and Social Impact Term Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th were given a dividend of $0.09 per share. This represents a dividend yield of 9.21%. The ex-dividend date was Monday, March 24th.

Insider Transactions at Ecofin Sustainable and Social Impact Term Fund

In other news, major shareholder Saba Capital Management, L.P. acquired 2,473 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was acquired at an average cost of $11.35 per share, with a total value of $28,068.55. Following the completion of the acquisition, the insider now owns 1,386,037 shares of the company’s stock, valued at $15,731,519.95. The trade was a 0.18 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders purchased 139,210 shares of company stock worth $1,506,031.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Eagle Bluffs Wealth Management LLC increased its stake in Ecofin Sustainable and Social Impact Term Fund by 0.6% in the 1st quarter. Eagle Bluffs Wealth Management LLC now owns 217,484 shares of the company’s stock valued at $2,471,000 after buying an additional 1,350 shares during the period. Flagship Harbor Advisors LLC boosted its stake in shares of Ecofin Sustainable and Social Impact Term Fund by 10.9% during the 1st quarter. Flagship Harbor Advisors LLC now owns 15,964 shares of the company’s stock worth $181,000 after acquiring an additional 1,563 shares in the last quarter. Kovack Advisors Inc. increased its position in shares of Ecofin Sustainable and Social Impact Term Fund by 10.7% in the fourth quarter. Kovack Advisors Inc. now owns 16,248 shares of the company’s stock valued at $195,000 after buying an additional 1,575 shares in the last quarter. Aristides Capital LLC increased its holdings in Ecofin Sustainable and Social Impact Term Fund by 10.0% during the 4th quarter. Aristides Capital LLC now owns 23,013 shares of the company’s stock valued at $276,000 after acquiring an additional 2,091 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of Ecofin Sustainable and Social Impact Term Fund by 4.9% during the 4th quarter. Oppenheimer & Co. Inc. now owns 64,200 shares of the company’s stock worth $770,000 after purchasing an additional 2,991 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.