Bulldog Investors LLP Purchases Shares of 190,116 Tortoise Energy Infrastructure Co. (NYSE:TYG)

Bulldog Investors LLP bought a new position in Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 190,116 shares of the financial services provider's stock, valued at approximately $7,997,000. Tortoise Energy Infrastructure comprises 2.1% of Bulldog Investors LLP's holdings, making the stock its 12th biggest position. Bulldog Investors LLP owned approximately 1.77% of Tortoise Energy Infrastructure as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in TYG. Kercheville Advisors LLC purchased a new position in shares of Tortoise Energy Infrastructure in the fourth quarter worth about $480,000. Financial Advocates Investment Management lifted its position in shares of Tortoise Energy Infrastructure by 337.1% during the fourth quarter. Financial Advocates Investment Management now owns 31,059 shares of the financial services provider's stock worth $1,304,000 after acquiring an additional 23,953 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Tortoise Energy Infrastructure by 625.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,192 shares of the financial services provider's stock worth $512,000 after acquiring an additional 10,512 shares during the period. Janney Montgomery Scott LLC grew its stake in Tortoise Energy Infrastructure by 39.7% during 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 acquiring an additional 9,007 shares in the last quarter. Finally, Catalina Capital Group LLC bought a new position in Tortoise Energy Infrastructure in the 4th quarter valued at $266,000. Hedge funds and other institutional investors own 32.50% of the company's stock.

Tortoise Energy Infrastructure Trading Up 0.9 %

Shares of TYG stock traded up $0.37 on Friday, reaching $40.22. The company's stock had a trading volume of 29,865 shares, compared to its average volume of 60,465. The stock's 50 day simple moving average is $40.42 and its 200-day simple moving average is $42.65. Tortoise Energy Infrastructure Co. has a 12-month low of $32.50 and a 12-month high of $48.76.

Tortoise Energy Infrastructure Announces Dividend

The business also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 25th were given 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.