Almitas Capital LLC bought a new stake in Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 248,666 shares of the financial services provider's stock, valued at approximately $10,444,000. Tortoise Energy Infrastructure accounts for about 2.3% of Almitas Capital LLC's portfolio, making the stock its 8th largest holding. Almitas Capital LLC owned 2.31% of Tortoise Energy Infrastructure as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new position in Tortoise Energy Infrastructure during the 4th quarter valued at about $25,000. Noble Wealth Management PBC bought a new position in Tortoise Energy Infrastructure during the 4th quarter valued at $30,000. Hartford Financial Management Inc. increased its position in shares of Tortoise Energy Infrastructure by 37.5% during the 4th quarter. Hartford Financial Management Inc. now owns 803 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 219 shares during the period. Comerica Bank raised its stake in shares of Tortoise Energy Infrastructure by 95.0% in the 4th quarter. Comerica Bank now owns 942 shares of the financial services provider's stock worth $40,000 after buying an additional 459 shares in the last quarter. Finally, Principal Securities Inc. acquired a new stake in shares of Tortoise Energy Infrastructure in the fourth quarter valued at $46,000. 32.50% of the stock is owned by institutional investors.
Tortoise Energy Infrastructure Price Performance
Tortoise Energy Infrastructure stock traded up $0.39 during midday trading on Wednesday, hitting $39.74. The company's stock had a trading volume of 44,232 shares, compared to its average volume of 60,550. Tortoise Energy Infrastructure Co. has a 12 month low of $31.75 and a 12 month high of $48.76. The stock's 50-day moving average price is $40.60 and its 200-day moving average price is $42.68.
Tortoise Energy Infrastructure Announces Dividend
The business also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th were given a dividend of $0.365 per share. This represents a dividend yield of 10%. The ex-dividend date of this dividend was Monday, March 24th.
Tortoise Energy Infrastructure Profile
(
Free Report)
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.
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