UBS Group AG Has $2.83 Million Stock Holdings in Tortoise Energy Infrastructure Corporation $TYG

UBS Group AG increased its position in shares of Tortoise Energy Infrastructure Corporation (NYSE:TYG) by 71.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,068 shares of the financial services provider’s stock after acquiring an additional 28,877 shares during the quarter. UBS Group AG’s holdings in Tortoise Energy Infrastructure were worth $2,825,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TYG. Integrated Wealth Concepts LLC acquired a new position in shares of Tortoise Energy Infrastructure during the first quarter valued at $242,000. NewEdge Advisors LLC lifted its stake in shares of Tortoise Energy Infrastructure by 9.6% during the first quarter. NewEdge Advisors LLC now owns 5,723 shares of the financial services provider’s stock valued at $246,000 after acquiring an additional 500 shares during the period. Walleye Capital LLC acquired a new position in shares of Tortoise Energy Infrastructure during the second quarter valued at $203,000. Raymond James Financial Inc. lifted its stake in shares of Tortoise Energy Infrastructure by 14.1% during the second quarter. Raymond James Financial Inc. now owns 293,042 shares of the financial services provider’s stock valued at $12,862,000 after acquiring an additional 36,313 shares during the period. Finally, MGB Wealth Management LLC lifted its stake in shares of Tortoise Energy Infrastructure by 2.6% during the second quarter. MGB Wealth Management LLC now owns 23,896 shares of the financial services provider’s stock valued at $1,049,000 after acquiring an additional 601 shares during the period. Institutional investors and hedge funds own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Stock Down 0.3%

Shares of TYG opened at $46.04 on Tuesday. Tortoise Energy Infrastructure Corporation has a 12-month low of $39.93 and a 12-month high of $51.18. The stock’s fifty day simple moving average is $48.12 and its 200-day simple moving average is $45.73.

Tortoise Energy Infrastructure Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a $0.475 dividend. This represents a c) dividend on an annualized basis and a yield of 12.4%. The ex-dividend date is Monday, August 24th.

Tortoise Energy Infrastructure Profile

Tortoise Energy Infrastructure Corp. (NYSE: TYG) is a closed-end management investment company that focuses on investing in energy infrastructure companies. Organized as a business development company under the Investment Company Act of 1940, it primarily acquires and manages a diversified portfolio of debt and equity securities issued by publicly traded and private energy infrastructure businesses. The company seeks to generate current income and long-term capital appreciation through selective investments across the energy value chain.

The firm’s investment strategy emphasizes midstream infrastructure, including pipeline transportation, storage, processing facilities, and terminals.