Tortoise Energy Independence Fund (NYSE:NDP) Trading 1.6% Higher

Tortoise Energy Independence Fund, Inc. (NYSE:NDP)’s share price rose 1.6% during mid-day trading on Friday . The stock traded as high as $36.50 and last traded at $36.50. Approximately 16,161 shares changed hands during mid-day trading, an increase of 216% from the average daily volume of 5,120 shares. The stock had previously closed at $35.91.

Tortoise Energy Independence Fund Stock Up 1.6 %

The business’s 50 day moving average price is $34.18 and its 200-day moving average price is $32.03.

Tortoise Energy Independence Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 24th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 6.90%. The ex-dividend date was Thursday, May 23rd.

Hedge Funds Weigh In On Tortoise Energy Independence Fund

A number of hedge funds have recently modified their holdings of NDP. Blue Bell Private Wealth Management LLC increased its position in shares of Tortoise Energy Independence Fund by 15.5% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 10,806 shares of the company’s stock worth $364,000 after purchasing an additional 1,451 shares in the last quarter. City of London Investment Management Co. Ltd. increased its holdings in shares of Tortoise Energy Independence Fund by 49.8% during the fourth quarter. City of London Investment Management Co. Ltd. now owns 11,810 shares of the company’s stock worth $338,000 after buying an additional 3,926 shares in the last quarter. Matisse Capital bought a new position in shares of Tortoise Energy Independence Fund in the fourth quarter valued at approximately $759,000. Wolverine Asset Management LLC boosted its holdings in shares of Tortoise Energy Independence Fund by 51.1% in the 4th quarter. Wolverine Asset Management LLC now owns 29,662 shares of the company’s stock worth $850,000 after acquiring an additional 10,025 shares in the last quarter. Finally, 1607 Capital Partners LLC grew its position in Tortoise Energy Independence Fund by 13.3% during the 4th quarter. 1607 Capital Partners LLC now owns 79,261 shares of the company’s stock worth $2,272,000 after acquiring an additional 9,277 shares during the last quarter.

About Tortoise Energy Independence Fund

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.