Almitas Capital LLC Purchases Shares of 248,666 Tortoise Energy Infrastructure Co. (NYSE:TYG)

Almitas Capital LLC purchased a new stake in 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 institutional investor purchased 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 investment portfolio, making the stock its 8th largest position. Almitas Capital LLC owned approximately 2.31% of Tortoise Energy Infrastructure as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of TYG. Diversified Trust Co acquired a new stake in Tortoise Energy Infrastructure during the fourth quarter worth about $482,000. Eastern Bank acquired a new stake in shares of Tortoise Energy Infrastructure during the 4th quarter worth approximately $124,000. First National Bank of Mount Dora Trust Investment Services bought a new stake in shares of Tortoise Energy Infrastructure during the fourth quarter valued at approximately $205,000. LongView Wealth Management acquired a new position in shares of Tortoise Energy Infrastructure in the fourth quarter valued at $294,000. Finally, Bayshore Asset Management LLC lifted its position in Tortoise Energy Infrastructure by 6.6% in the fourth quarter. Bayshore Asset Management LLC now owns 18,679 shares of the financial services provider's stock worth $785,000 after purchasing an additional 1,152 shares during the period. 32.50% of the stock is currently owned by institutional investors and hedge funds.

Tortoise Energy Infrastructure Trading Down 0.6 %

Tortoise Energy Infrastructure stock traded down $0.25 on Tuesday, hitting $39.33. The company's stock had a trading volume of 46,296 shares, compared to its average volume of 60,661. Tortoise Energy Infrastructure Co. has a one year low of $31.36 and a one year high of $48.76. The company has a fifty day moving average price of $40.67 and a 200-day moving average price of $42.71.

Tortoise Energy Infrastructure Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 25th were paid a $0.365 dividend. The ex-dividend date of this dividend 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.