Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) Trading Up 0.2% – Here’s Why

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) traded up 0.2% on Friday . The company traded as high as $12.66 and last traded at $12.65. 42,999 shares were traded during trading, an increase of 11% from the average session volume of 38,757 shares. The stock had previously closed at $12.62.

Ecofin Sustainable and Social Impact Term Fund Stock Up 0.3 %

The stock has a 50 day moving average price of $12.83 and a 200 day moving average price of $12.36.

Ecofin Sustainable and Social Impact Term Fund Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 24th will be issued a dividend of $0.09 per share. The ex-dividend date is Tuesday, December 24th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Abundance Wealth Counselors lifted its stake in shares of Ecofin Sustainable and Social Impact Term Fund by 6.9% in the 2nd quarter. Abundance Wealth Counselors now owns 123,767 shares of the company’s stock valued at $1,425,000 after purchasing an additional 8,032 shares during the period. Eagle Bluffs Wealth Management LLC boosted its stake in Ecofin Sustainable and Social Impact Term Fund by 6.6% during the 2nd quarter. Eagle Bluffs Wealth Management LLC now owns 259,579 shares of the company’s stock valued at $2,988,000 after purchasing an additional 15,976 shares during the last quarter. Matisse Capital increased its holdings in Ecofin Sustainable and Social Impact Term Fund by 3.2% during the 2nd quarter. Matisse Capital now owns 227,000 shares of the company’s stock worth $2,613,000 after purchasing an additional 7,000 shares in the last quarter. Consolidated Portfolio Review Corp increased its holdings in Ecofin Sustainable and Social Impact Term Fund by 19.1% during the 2nd quarter. Consolidated Portfolio Review Corp now owns 15,035 shares of the company’s stock worth $173,000 after purchasing an additional 2,411 shares in the last quarter. Finally, Wolverine Asset Management LLC raised its position in Ecofin Sustainable and Social Impact Term Fund by 1,647.4% in the 2nd quarter. Wolverine Asset Management LLC now owns 131,232 shares of the company’s stock valued at $1,510,000 after buying an additional 123,722 shares during the last quarter.

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.