22,258 Shares in Tortoise Energy Infrastructure Co. (NYSE:TYG) Purchased by Cahill Financial Advisors Inc.

Cahill Financial Advisors Inc. acquired a new position in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 22,258 shares of the financial services provider's stock, valued at approximately $935,000. Cahill Financial Advisors Inc. owned approximately 0.21% of Tortoise Energy Infrastructure at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Advisors Asset Management Inc. lifted its holdings in Tortoise Energy Infrastructure by 53.8% in the 4th quarter. Advisors Asset Management Inc. now owns 386,221 shares of the financial services provider's stock worth $16,221,000 after buying an additional 135,146 shares in the last quarter. Aristides Capital LLC raised its position in shares of Tortoise Energy Infrastructure by 128.7% in the 4th quarter. Aristides Capital LLC now owns 269,253 shares of the financial services provider's stock valued at $11,309,000 after purchasing an additional 151,510 shares in the last quarter. Almitas Capital LLC purchased a new position in shares of Tortoise Energy Infrastructure during the 4th quarter valued at approximately $10,444,000. Wells Fargo & Company MN grew its position in shares of Tortoise Energy Infrastructure by 1,713.7% during the fourth quarter. Wells Fargo & Company MN now owns 222,159 shares of the financial services provider's stock worth $9,331,000 after buying an additional 209,910 shares in the last quarter. Finally, Sit Investment Associates Inc. increased its stake in shares of Tortoise Energy Infrastructure by 44.7% in the fourth quarter. Sit Investment Associates Inc. now owns 190,690 shares of the financial services provider's stock worth $8,009,000 after buying an additional 58,938 shares during the last quarter. Hedge funds and other institutional investors own 32.50% of the company's stock.

Tortoise Energy Infrastructure Price Performance

TYG stock traded up $0.37 during mid-day trading on Friday, hitting $40.22. 29,865 shares of the company were exchanged, compared to its average volume of 60,446. The firm has a fifty day simple moving average of $40.42 and a 200 day simple moving average of $42.67. Tortoise Energy Infrastructure Co. has a twelve month low of $32.50 and a twelve month high of $48.76.

Tortoise Energy Infrastructure Dividend Announcement

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

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.