Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) Shares Up 1.7% – Should You Buy?

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF)’s share price rose 1.7% during mid-day trading on Thursday . The company traded as high as $12.33 and last traded at $12.33. Approximately 24,320 shares traded hands during trading, a decline of 9% from the average daily volume of 26,862 shares. The stock had previously closed at $12.12.

Ecofin Sustainable and Social Impact Term Fund Trading Up 1.7 %

The firm’s fifty day moving average is $12.32 and its 200-day moving average is $12.45.

Ecofin Sustainable and Social Impact Term Fund Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, January 24th.

Institutional Trading of Ecofin Sustainable and Social Impact Term Fund

A number of institutional investors have recently modified their holdings of TEAF. B. Riley Wealth Advisors Inc. lifted its holdings in Ecofin Sustainable and Social Impact Term Fund by 8.7% in the second quarter. B. Riley Wealth Advisors Inc. now owns 13,109 shares of the company’s stock valued at $151,000 after acquiring an additional 1,047 shares during the period. Quarry LP increased its holdings in shares of Ecofin Sustainable and Social Impact Term Fund by 14.8% in the 3rd quarter. Quarry LP now owns 8,493 shares of the company’s stock valued at $111,000 after purchasing an additional 1,093 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of Ecofin Sustainable and Social Impact Term Fund by 2.9% in the third quarter. D.A. Davidson & CO. now owns 47,695 shares of the company’s stock valued at $622,000 after purchasing an additional 1,326 shares during the period. Brown Brothers Harriman & Co. purchased a new stake in Ecofin Sustainable and Social Impact Term Fund during the second quarter worth about $51,000. Finally, Private Advisor Group LLC grew its position in Ecofin Sustainable and Social Impact Term Fund by 4.9% during the third quarter. Private Advisor Group LLC now owns 145,100 shares of the company’s stock worth $1,894,000 after buying an additional 6,775 shares during the period.

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.