1607 Capital Partners LLC Raises Stake in Tortoise Energy Independence Fund, Inc. (NYSE:NDP)

1607 Capital Partners LLC grew its position in Tortoise Energy Independence Fund, Inc. (NYSE:NDPFree Report) by 13.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 79,261 shares of the company’s stock after acquiring an additional 9,277 shares during the period. 1607 Capital Partners LLC’s holdings in Tortoise Energy Independence Fund were worth $2,272,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of NDP. Cornerstone Advisors LLC acquired a new position in Tortoise Energy Independence Fund in the 3rd quarter worth about $149,000. City of London Investment Management Co. Ltd. acquired a new position in shares of Tortoise Energy Independence Fund during the 3rd quarter worth approximately $250,000. Wolverine Asset Management LLC lifted its position in shares of Tortoise Energy Independence Fund by 51.1% during the 4th quarter. Wolverine Asset Management LLC now owns 29,662 shares of the company’s stock valued at $850,000 after buying an additional 10,025 shares in the last quarter. Finally, Matisse Capital acquired a new stake in Tortoise Energy Independence Fund in the 4th quarter valued at $759,000.

Tortoise Energy Independence Fund Price Performance

NYSE NDP traded down $0.68 on Tuesday, hitting $33.30. The company had a trading volume of 4,430 shares, compared to its average volume of 4,666. The company’s fifty day moving average price is $33.89 and its 200-day moving average price is $31.10. Tortoise Energy Independence Fund, Inc. has a 12-month low of $27.33 and a 12-month high of $35.43.

Tortoise Energy Independence Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 24th were given a $0.63 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $2.52 annualized dividend and a dividend yield of 7.57%.

Tortoise Energy Independence Fund Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Tortoise Energy Independence Fund (NYSE:NDP)

Receive News & Ratings for Tortoise Energy Independence Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tortoise Energy Independence Fund and related companies with MarketBeat.com's FREE daily email newsletter.