Legacy Financial Strategies LLC Raises Stake in Tortoise Energy Independence Fund Inc (NDP)

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Legacy Financial Strategies LLC lifted its stake in shares of Tortoise Energy Independence Fund Inc (NYSE:NDP) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,250 shares of the company’s stock after acquiring an additional 2,000 shares during the quarter. Legacy Financial Strategies LLC’s holdings in Tortoise Energy Independence Fund were worth $375,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of NDP. Arete Wealth Advisors LLC purchased a new position in shares of Tortoise Energy Independence Fund during the fourth quarter worth approximately $934,000. Partnervest Advisory Services LLC purchased a new position in Tortoise Energy Independence Fund during the fourth quarter valued at approximately $198,000. Cambridge Investment Research Advisors Inc. increased its holdings in Tortoise Energy Independence Fund by 10.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 138,178 shares of the company’s stock valued at $937,000 after buying an additional 12,673 shares during the period. Weather Gauge Advisory LLC purchased a new position in Tortoise Energy Independence Fund during the fourth quarter valued at approximately $86,000. Finally, Morgan Stanley increased its holdings in Tortoise Energy Independence Fund by 6.0% during the third quarter. Morgan Stanley now owns 219,126 shares of the company’s stock valued at $2,689,000 after buying an additional 12,411 shares during the period.

Shares of NDP stock opened at $8.50 on Thursday. Tortoise Energy Independence Fund Inc has a 52-week low of $5.99 and a 52-week high of $13.90.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 28th. Investors of record on Thursday, February 21st were issued a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a yield of 20.59%. The ex-dividend date was Wednesday, February 20th.

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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.

Read More: The Structure of a Futures Contract

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Institutional Ownership by Quarter for Tortoise Energy Independence Fund (NYSE:NDP)

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