Wolverine Asset Management LLC Acquires New Stake in Tortoise Energy Independence Fund, Inc. (NYSE:NDP)

Wolverine Asset Management LLC acquired a new stake in Tortoise Energy Independence Fund, Inc. (NYSE:NDP) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,927 shares of the company’s stock, valued at approximately $148,000.

A number of other large investors also recently bought and sold shares of NDP. Blue Bell Private Wealth Management LLC raised its holdings in Tortoise Energy Independence Fund by 18.5% during the second quarter. Blue Bell Private Wealth Management LLC now owns 12,807 shares of the company’s stock worth $463,000 after purchasing an additional 2,001 shares in the last quarter. Almitas Capital LLC purchased a new position in shares of Tortoise Energy Independence Fund during the 2nd quarter worth approximately $546,000. Finally, Bayshore Asset Management LLC acquired a new stake in shares of Tortoise Energy Independence Fund in the 3rd quarter valued at approximately $714,000.

Tortoise Energy Independence Fund Stock Down 0.4 %

Shares of NDP stock opened at $42.72 on Friday. The business’s fifty day moving average price is $39.15 and its 200 day moving average price is $36.66. Tortoise Energy Independence Fund, Inc. has a 1-year low of $27.38 and a 1-year high of $43.02.

Tortoise Energy Independence Fund Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 22nd will be issued a $0.63 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.52 dividend on an annualized basis and a dividend yield of 5.90%.

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.