Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) Stock Price Down 0.6% – What’s Next?

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) shares dropped 0.6% during trading on Tuesday . The company traded as low as $11.66 and last traded at $11.70. Approximately 73,672 shares were traded during mid-day trading, an increase of 122% from the average daily volume of 33,194 shares. The stock had previously closed at $11.77.

Ecofin Sustainable and Social Impact Term Fund Trading Up 0.0 %

The firm has a fifty day moving average of $12.05 and a 200 day moving average of $12.43.

Ecofin Sustainable and Social Impact Term Fund Announces Dividend

The company also recently announced a — dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.09 per share. This represents a dividend yield of 9%. The ex-dividend date of this dividend is Friday, May 23rd.

Institutional Trading of Ecofin Sustainable and Social Impact Term Fund

A number of hedge funds have recently added to or reduced their stakes in the company. Quarry LP increased its holdings in Ecofin Sustainable and Social Impact Term Fund by 14.8% in the third quarter. Quarry LP now owns 8,493 shares of the company’s stock valued at $111,000 after buying an additional 1,093 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of Ecofin Sustainable and Social Impact Term Fund in the 3rd quarter valued at about $137,000. Absolute Investment Advisers LLC purchased a new position in shares of Ecofin Sustainable and Social Impact Term Fund in the 4th quarter valued at about $162,000. Kovack Advisors Inc. boosted its position in Ecofin Sustainable and Social Impact Term Fund by 10.7% during the fourth quarter. Kovack Advisors Inc. now owns 16,248 shares of the company’s stock worth $195,000 after purchasing an additional 1,575 shares in the last quarter. Finally, Aristides Capital LLC grew its holdings in Ecofin Sustainable and Social Impact Term Fund by 10.0% in the fourth quarter. Aristides Capital LLC now owns 23,013 shares of the company’s stock valued at $276,000 after purchasing an additional 2,091 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.