Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) Trading Up 0.4% – Time to Buy?

Shares of Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) shot up 0.4% on Friday . The company traded as high as $11.43 and last traded at $11.36. 14,443 shares traded hands during trading, a decline of 61% from the average session volume of 36,680 shares. The stock had previously closed at $11.32.

Ecofin Sustainable and Social Impact Term Fund Stock Up 0.4 %

The business has a 50 day moving average of $11.27 and a two-hundred day moving average of $11.96.

Ecofin Sustainable and Social Impact Term Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th were given a $0.09 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a dividend yield of 9.21%.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. purchased 33,116 shares of the business’s stock in a transaction dated Friday, March 28th. The shares were purchased at an average cost of $11.31 per share, with a total value of $374,541.96. Following the completion of the purchase, the insider now owns 1,383,564 shares of the company’s stock, valued at $15,648,108.84. This trade represents a 2.45 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders have purchased 139,210 shares of company stock worth $1,506,031.

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

Several hedge funds have recently added to or reduced their stakes in the business. Shaker Financial Services LLC grew its stake in shares of Ecofin Sustainable and Social Impact Term Fund by 51.9% in the first quarter. Shaker Financial Services LLC now owns 37,671 shares of the company’s stock worth $428,000 after purchasing an additional 12,872 shares during the last quarter. Eagle Bluffs Wealth Management LLC increased its stake in shares of Ecofin Sustainable and Social Impact Term Fund by 0.6% in the first quarter. Eagle Bluffs Wealth Management LLC now owns 217,484 shares of the company’s stock valued at $2,471,000 after buying an additional 1,350 shares during the period. Kovack Advisors Inc. raised its position in shares of Ecofin Sustainable and Social Impact Term Fund by 22.4% during the first quarter. Kovack Advisors Inc. now owns 19,888 shares of the company’s stock worth $226,000 after acquiring an additional 3,640 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its stake in shares of Ecofin Sustainable and Social Impact Term Fund by 21.0% in the first quarter. Blue Bell Private Wealth Management LLC now owns 67,852 shares of the company’s stock worth $771,000 after acquiring an additional 11,787 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in Ecofin Sustainable and Social Impact Term Fund by 14.5% in the first quarter. Private Advisor Group LLC now owns 177,400 shares of the company’s stock valued at $2,015,000 after acquiring an additional 22,500 shares during 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.