Wolverine Asset Management LLC Increases Stake in Tortoise Energy Independence Fund, Inc. (NYSE:NDP)

Wolverine Asset Management LLC raised its stake in shares of Tortoise Energy Independence Fund, Inc. (NYSE:NDP) by 51.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,662 shares of the company’s stock after buying an additional 10,025 shares during the quarter. Wolverine Asset Management LLC’s holdings in Tortoise Energy Independence Fund were worth $850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Cornerstone Advisors LLC purchased a new stake in Tortoise Energy Independence Fund during the 3rd quarter valued at approximately $149,000. City of London Investment Management Co. Ltd. bought a new position in shares of Tortoise Energy Independence Fund during the 3rd quarter valued at approximately $250,000. Finally, Blue Bell Private Wealth Management LLC boosted its position in shares of Tortoise Energy Independence Fund by 99.4% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 9,328 shares of the company’s stock valued at $295,000 after acquiring an additional 4,649 shares during the last quarter.

Tortoise Energy Independence Fund Trading Down 0.1 %

NYSE NDP opened at $34.14 on Friday. Tortoise Energy Independence Fund, Inc. has a one year low of $26.93 and a one year high of $35.01. The stock has a 50 day moving average price of $32.58 and a 200-day moving average price of $30.65.

Tortoise Energy Independence Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 22nd were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 7.38%.

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.