Concorde Asset Management LLC Takes Position in Tortoise Energy Infrastructure Co. (NYSE:TYG)

Concorde Asset Management LLC acquired a new position in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 15,303 shares of the financial services provider's stock, valued at approximately $643,000. Concorde Asset Management LLC owned approximately 0.14% of Tortoise Energy Infrastructure at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Kercheville Advisors LLC acquired a new position in shares of Tortoise Energy Infrastructure in the fourth quarter worth $480,000. Financial Advocates Investment Management boosted its stake in shares of Tortoise Energy Infrastructure by 337.1% during the 4th quarter. Financial Advocates Investment Management now owns 31,059 shares of the financial services provider's stock worth $1,304,000 after purchasing an additional 23,953 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Tortoise Energy Infrastructure by 625.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,192 shares of the financial services provider's stock worth $512,000 after buying an additional 10,512 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Tortoise Energy Infrastructure by 39.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 31,715 shares of the financial services provider's stock valued at $1,332,000 after buying an additional 9,007 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in shares of Tortoise Energy Infrastructure by 58.6% during the third quarter. Sanctuary Advisors LLC now owns 21,347 shares of the financial services provider's stock valued at $838,000 after buying an additional 7,891 shares during the period. 32.50% of the stock is currently owned by institutional investors and hedge funds.

Tortoise Energy Infrastructure Trading Up 0.1 %

TYG traded up $0.02 during trading on Wednesday, hitting $39.18. The company's stock had a trading volume of 42,893 shares, compared to its average volume of 112,985. Tortoise Energy Infrastructure Co. has a twelve month low of $29.93 and a twelve month high of $48.76. The firm's 50 day moving average price is $42.20 and its 200-day moving average price is $42.79.

Tortoise Energy Infrastructure Announces Dividend

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

Tortoise Energy Infrastructure Company 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.