15,093 Shares in Tortoise Energy Independence Fund, Inc. (NYSE:NDP) Bought by Almitas Capital LLC

Almitas Capital LLC acquired a new position in shares of Tortoise Energy Independence Fund, Inc. (NYSE:NDP) in the second quarter, HoldingsChannel.com reports. The firm acquired 15,093 shares of the company’s stock, valued at approximately $546,000.

A number of other institutional investors have also recently added to or reduced their stakes in NDP. Blue Bell Private Wealth Management LLC grew its stake in Tortoise Energy Independence Fund by 18.5% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 12,807 shares of the company’s stock worth $463,000 after buying an additional 2,001 shares during the last quarter. 1607 Capital Partners LLC grew its stake in Tortoise Energy Independence Fund by 13.3% during the 4th quarter. 1607 Capital Partners LLC now owns 79,261 shares of the company’s stock worth $2,272,000 after buying an additional 9,277 shares during the last quarter. Finally, Bulldog Investors LLP grew its stake in Tortoise Energy Independence Fund by 21.3% during the 4th quarter. Bulldog Investors LLP now owns 103,405 shares of the company’s stock worth $2,964,000 after buying an additional 18,140 shares during the last quarter.

Tortoise Energy Independence Fund Stock Performance

Shares of NDP opened at $37.54 on Friday. The stock has a fifty day moving average price of $37.06 and a 200 day moving average price of $35.16. Tortoise Energy Independence Fund, Inc. has a 12 month low of $27.38 and a 12 month high of $39.02.

Tortoise Energy Independence Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 23rd were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $2.52 dividend on an annualized basis and a yield of 6.71%.

About Tortoise Energy Independence Fund

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.