Blue Bell Private Wealth Management LLC Has $463,000 Stake in Tortoise Energy Independence Fund, Inc. (NYSE:NDP)

Blue Bell Private Wealth Management LLC lifted its stake in Tortoise Energy Independence Fund, Inc. (NYSE:NDP) by 18.5% in the second quarter, HoldingsChannel.com reports. The firm owned 12,807 shares of the company’s stock after purchasing an additional 2,001 shares during the quarter. Blue Bell Private Wealth Management LLC’s holdings in Tortoise Energy Independence Fund were worth $463,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. City of London Investment Management Co. Ltd. boosted its position in Tortoise Energy Independence Fund by 49.8% in the 4th quarter. City of London Investment Management Co. Ltd. now owns 11,810 shares of the company’s stock valued at $338,000 after buying an additional 3,926 shares during the last quarter. Matisse Capital bought a new stake in shares of Tortoise Energy Independence Fund during the fourth quarter worth $759,000. 1607 Capital Partners LLC lifted its stake in shares of Tortoise Energy Independence Fund by 13.3% during the fourth quarter. 1607 Capital Partners LLC now owns 79,261 shares of the company’s stock valued at $2,272,000 after acquiring an additional 9,277 shares during the period. Finally, Bulldog Investors LLP boosted its holdings in Tortoise Energy Independence Fund by 21.3% in the fourth quarter. Bulldog Investors LLP now owns 103,405 shares of the company’s stock valued at $2,964,000 after acquiring an additional 18,140 shares during the last quarter.

Tortoise Energy Independence Fund Trading Up 0.4 %

Shares of NDP stock opened at $37.66 on Friday. Tortoise Energy Independence Fund, Inc. has a 12 month low of $27.38 and a 12 month high of $39.02. The stock has a 50-day moving average price of $36.58 and a 200 day moving average price of $34.41.

Tortoise Energy Independence Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 23rd were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 6.69%. The ex-dividend date of this dividend was Friday, August 23rd.

Tortoise Energy Independence Fund Company Profile

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.