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

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

Tortoise Energy Independence Fund Trading Up 1.9 %

The stock’s fifty day moving average is $41.76 and its 200 day moving average is $39.23.

Tortoise Energy Independence Fund Dividend Announcement

The business also recently declared a — dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 6th were issued a $0.255 dividend. This represents a yield of 5.8%. The ex-dividend date of this dividend was Friday, December 6th.

Hedge Funds Weigh In On Tortoise Energy Independence Fund

Several hedge funds and other institutional investors have recently modified their holdings of NDP. Bayshore Asset Management LLC bought a new stake in shares of Tortoise Energy Independence Fund in the 3rd quarter worth approximately $714,000. Almitas Capital LLC bought a new stake in Tortoise Energy Independence Fund in the second quarter worth $546,000. Wolverine Asset Management LLC purchased a new stake in shares of Tortoise Energy Independence Fund in the third quarter worth $148,000. Finally, Quarry LP bought a new position in shares of Tortoise Energy Independence Fund during the third quarter valued at $131,000.

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.