Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) Stock Price Down 0.6%

Shares of Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) were down 0.6% during mid-day trading on Friday . The stock traded as low as $12.16 and last traded at $12.18. Approximately 33,892 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 42,163 shares. The stock had previously closed at $12.25.

Ecofin Sustainable and Social Impact Term Fund Stock Performance

The stock has a 50-day moving average of $11.84 and a 200-day moving average of $11.63.

Ecofin Sustainable and Social Impact Term Fund Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 23rd will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, August 23rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TEAF. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Ecofin Sustainable and Social Impact Term Fund by 7.8% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 13,000 shares of the company’s stock valued at $152,000 after purchasing an additional 938 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its stake in Ecofin Sustainable and Social Impact Term Fund by 29.3% during the first quarter. Blue Bell Private Wealth Management LLC now owns 7,511 shares of the company’s stock worth $89,000 after acquiring an additional 1,700 shares in the last quarter. Consolidated Portfolio Review Corp lifted its holdings in shares of Ecofin Sustainable and Social Impact Term Fund by 19.1% in the second quarter. Consolidated Portfolio Review Corp now owns 15,035 shares of the company’s stock worth $173,000 after acquiring an additional 2,411 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of Ecofin Sustainable and Social Impact Term Fund by 8.4% in the 4th quarter. D.A. Davidson & CO. now owns 43,068 shares of the company’s stock valued at $504,000 after purchasing an additional 3,334 shares in the last quarter. Finally, Matisse Capital grew its holdings in shares of Ecofin Sustainable and Social Impact Term Fund by 3.2% during the 2nd quarter. Matisse Capital now owns 227,000 shares of the company’s stock valued at $2,613,000 after purchasing an additional 7,000 shares during the last quarter.

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.