Quantedge Capital Pte Ltd Sells 14,906 Shares of Tortoise Energy Infrastructure Co. (NYSE:TYG)

Quantedge Capital Pte Ltd reduced its position in Tortoise Energy Infrastructure Co. (NYSE:TYG) by 38.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 23,497 shares of the financial services provider’s stock after selling 14,906 shares during the period. Quantedge Capital Pte Ltd’s holdings in Tortoise Energy Infrastructure were worth $987,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Cetera Investment Advisers boosted its stake in Tortoise Energy Infrastructure by 7.7% in the fourth quarter. Cetera Investment Advisers now owns 10,870 shares of the financial services provider’s stock valued at $457,000 after acquiring an additional 776 shares in the last quarter. Bulldog Investors LLP acquired a new stake in Tortoise Energy Infrastructure in the fourth quarter valued at approximately $7,997,000. Cahill Financial Advisors Inc. acquired a new stake in Tortoise Energy Infrastructure in the fourth quarter valued at approximately $935,000. Cary Street Partners Financial LLC acquired a new stake in Tortoise Energy Infrastructure in the fourth quarter valued at approximately $272,000. Finally, Bank of America Corp DE boosted its stake in Tortoise Energy Infrastructure by 56.1% in the fourth quarter. Bank of America Corp DE now owns 61,617 shares of the financial services provider’s stock valued at $2,588,000 after acquiring an additional 22,156 shares in the last quarter. 32.50% of the stock is owned by hedge funds and other institutional investors.

Tortoise Energy Infrastructure Trading Down 0.9%

NYSE:TYG opened at $40.78 on Thursday. Tortoise Energy Infrastructure Co. has a 12 month low of $32.50 and a 12 month high of $48.76. The firm has a fifty day simple moving average of $40.40 and a 200-day simple moving average of $42.65.

Tortoise Energy Infrastructure Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th were issued a $0.365 dividend. The ex-dividend date was Monday, March 24th. This represents a yield of 10%.

Tortoise Energy Infrastructure Profile

Tortoise Energy Infrastructure Corporation is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors LLC The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating in the energy infrastructure sector, with an emphasis on those companies that are engaged in transporting, processing, storing, distributing or marketing natural gas, natural gas liquids (primarily propane), coal, crude oil or refined petroleum products, or exploring, developing, managing or producing such commodities.