Closed End Fund Advisors Inc. Purchases Shares of 73,348 Tortoise Energy Infrastructure Corporation $TYG

Closed End Fund Advisors Inc. purchased a new stake in Tortoise Energy Infrastructure Corporation (NYSE:TYG) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 73,348 shares of the financial services provider’s stock, valued at approximately $3,000,000. Tortoise Energy Infrastructure accounts for 1.8% of Closed End Fund Advisors Inc.’s portfolio, making the stock its 16th largest holding.

A number of other large investors have also recently bought and sold shares of TYG. Comerica Bank grew its position in Tortoise Energy Infrastructure by 27.8% in the fourth quarter. Comerica Bank now owns 1,111 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 242 shares during the period. Hartford Financial Management Inc. grew its position in Tortoise Energy Infrastructure by 49.2% in the fourth quarter. Hartford Financial Management Inc. now owns 1,244 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 410 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in Tortoise Energy Infrastructure by 600.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,100 shares of the financial services provider’s stock valued at $86,000 after acquiring an additional 1,800 shares during the period. CIBC Private Wealth Group LLC grew its position in Tortoise Energy Infrastructure by 31.7% in the third quarter. CIBC Private Wealth Group LLC now owns 3,826 shares of the financial services provider’s stock valued at $165,000 after acquiring an additional 921 shares during the period. Finally, Walleye Capital LLC bought a new stake in Tortoise Energy Infrastructure in the second quarter valued at $203,000. 32.50% of the stock is currently owned by institutional investors.

Tortoise Energy Infrastructure Trading Up 0.3%

Shares of NYSE:TYG opened at $43.25 on Friday. The business’s fifty day moving average price is $47.08 and its two-hundred day moving average price is $45.74. Tortoise Energy Infrastructure Corporation has a fifty-two week low of $40.35 and a fifty-two week high of $51.18.

Tortoise Energy Infrastructure Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be paid a $0.475 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 13.2%.

Tortoise Energy Infrastructure Company 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.