Cary Street Partners Financial LLC Takes $272,000 Position in Tortoise Energy Infrastructure Co. (NYSE:TYG)

Cary Street Partners Financial LLC purchased a new stake in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,470 shares of the financial services provider's stock, valued at approximately $272,000. Cary Street Partners Financial LLC owned about 0.06% of Tortoise Energy Infrastructure at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE boosted its stake in shares of Tortoise Energy Infrastructure by 56.1% in the 4th quarter. Bank of America Corp DE now owns 61,617 shares of the financial services provider's stock worth $2,588,000 after buying an additional 22,156 shares during the last quarter. Almitas Capital LLC bought a new position in shares of Tortoise Energy Infrastructure in the 4th quarter valued at about $10,444,000. Comerica Bank lifted its holdings 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 valued at $40,000 after acquiring an additional 459 shares during the last quarter. Quarry LP bought a new position in shares of Tortoise Energy Infrastructure in the 4th quarter valued at about $82,000. Finally, Stifel Financial Corp lifted its stake in Tortoise Energy Infrastructure by 11.5% in the fourth quarter. Stifel Financial Corp now owns 42,923 shares of the financial services provider's stock worth $1,803,000 after purchasing an additional 4,440 shares during the last quarter. Institutional investors own 32.50% of the company's stock.

Tortoise Energy Infrastructure Stock Down 0.9%

NYSE TYG traded down $0.39 during trading on Wednesday, hitting $40.78. The stock had a trading volume of 41,926 shares, compared to its average volume of 60,854. Tortoise Energy Infrastructure Co. has a one year low of $32.50 and a one year high of $48.76. The stock has a 50 day simple moving average of $40.40 and a 200 day simple moving average of $42.65.

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 paid a dividend of $0.365 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a dividend yield of 10%.

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.