Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) Trading 0.2% Higher – Still a Buy?

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) shares shot up 0.2% during trading on Friday . The stock traded as high as $12.66 and last traded at $12.65. 42,999 shares traded hands during trading, an increase of 11% from the average session volume of 38,757 shares. The stock had previously closed at $12.62.

Ecofin Sustainable and Social Impact Term Fund Stock Performance

The company’s 50-day simple moving average is $12.83 and its 200 day simple moving average is $12.36.

Ecofin Sustainable and Social Impact Term Fund Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 24th will be issued a dividend of $0.09 per share. The ex-dividend date is Tuesday, December 24th.

Hedge Funds Weigh In On Ecofin Sustainable and Social Impact Term Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Beckerman Institutional LLC acquired a new stake in shares of Ecofin Sustainable and Social Impact Term Fund during the third quarter worth about $134,000. Private Advisor Group LLC grew its stake in shares of Ecofin Sustainable and Social Impact Term Fund by 4.9% during the 3rd quarter. Private Advisor Group LLC now owns 145,100 shares of the company’s stock worth $1,894,000 after purchasing an additional 6,775 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Ecofin Sustainable and Social Impact Term Fund during the 2nd quarter valued at approximately $893,000. B. Riley Wealth Advisors Inc. lifted its stake in shares of Ecofin Sustainable and Social Impact Term Fund by 8.7% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 13,109 shares of the company’s stock valued at $151,000 after purchasing an additional 1,047 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new stake in Ecofin Sustainable and Social Impact Term Fund during the second quarter worth $51,000.

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.