NDP: Sell The Tortoise [Seeking Alpha]
Tortoise Energy Independence Fund, Inc. (NDP)
US:NYSE Investor Relations:
closedendfunds.tortoiseadvisors.com/ndp/overview
Company Research
Source: Seeking Alpha
NDP: Sell The Tortoise Summary NDP holds a basket of stocks, most of which are E&P - understand the basic commodities and you'll understand the ETF. Natural gas is bearish with stocks rising and no uptick in demand expected in the near future. Crude oil is bearish with prolonged weak demand and constantly growing supply. For holders of the Tortoise Energy Independence Fund ( The Instrument To start this piece, let’s dig into the mechanics of the fund. NDP is an ETF which holds a basket of energy companies, the business of which is largely E&P A look at the top 10 holdings Some ETFs weight exposure directly by market cap, which can result in lopsided returns, as one company’s movement explains most of the market action. In NDP’s case, the largest exposure is around 8% and 56 separate companies are held, which means that the fund gives good exposure to the underlying fundamentals of the E&P industry rather than any specific firm. So, without further delay, let’s jump into the fundamenta
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Sec Filings
- 10/25/24 - Form NPORT-P
- 10/2/24 - Form SC
- 9/10/24 - Form SC
- NDP's page on the SEC website