Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) Stock Price Up 0.8% – Here’s Why

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) shares rose 0.8% during mid-day trading on Friday . The stock traded as high as $13.25 and last traded at $13.19. Approximately 35,809 shares changed hands during trading, a decline of 10% from the average daily volume of 39,957 shares. The stock had previously closed at $13.08.

Ecofin Sustainable and Social Impact Term Fund Stock Up 0.8 %

The stock’s 50 day moving average is $12.52 and its 200-day moving average is $12.00.

Ecofin Sustainable and Social Impact Term Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 22nd will be given a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a yield of 8.19%. The ex-dividend date is Friday, November 22nd.

Institutional Investors Weigh In On Ecofin Sustainable and Social Impact Term Fund

A number of hedge funds have recently added to or reduced their stakes in TEAF. Wolverine Asset Management LLC increased its holdings in shares of Ecofin Sustainable and Social Impact Term Fund by 1,647.4% in the second quarter. Wolverine Asset Management LLC now owns 131,232 shares of the company’s stock worth $1,510,000 after purchasing an additional 123,722 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Ecofin Sustainable and Social Impact Term Fund in the 2nd quarter worth about $893,000. Janney Montgomery Scott LLC raised its stake in shares of Ecofin Sustainable and Social Impact Term Fund by 39.3% during the first quarter. Janney Montgomery Scott LLC now owns 258,543 shares of the company’s stock valued at $3,053,000 after acquiring an additional 72,954 shares in the last quarter. Private Advisor Group LLC grew its holdings in Ecofin Sustainable and Social Impact Term Fund by 119.1% during the 1st quarter. Private Advisor Group LLC now owns 116,255 shares of the company’s stock worth $1,373,000 after acquiring an additional 63,205 shares in the last quarter. Finally, Matisse Capital boosted its stake in shares of Ecofin Sustainable and Social Impact Term Fund by 22.2% during the first quarter. Matisse Capital now owns 220,000 shares of the company’s stock valued at $2,598,000 after purchasing an additional 40,000 shares in the last quarter.

Ecofin Sustainable and Social Impact Term Fund Company Profile

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.