Allspring Global Investments Holdings LLC Trims Stake in Tortoise Energy Infrastructure Corporation (NYSE:TYG)

Allspring Global Investments Holdings LLC trimmed its stake in shares of Tortoise Energy Infrastructure Corporation (NYSE:TYG - Free Report) by 8.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 251,378 shares of the financial services provider's stock after selling 22,024 shares during the period. Allspring Global Investments Holdings LLC owned about 2.34% of Tortoise Energy Infrastructure worth $10,822,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Saba Capital Management L.P. grew its holdings in Tortoise Energy Infrastructure by 118.8% in the fourth quarter. Saba Capital Management L.P. now owns 1,048,879 shares of the financial services provider's stock valued at $44,053,000 after purchasing an additional 569,441 shares during the period. Almitas Capital LLC acquired a new stake in Tortoise Energy Infrastructure in the fourth quarter valued at approximately $10,444,000. Wells Fargo & Company MN grew its holdings in Tortoise Energy Infrastructure by 1,713.7% in the fourth quarter. Wells Fargo & Company MN now owns 222,159 shares of the financial services provider's stock valued at $9,331,000 after purchasing an additional 209,910 shares during the period. Bulldog Investors LLP acquired a new stake in Tortoise Energy Infrastructure in the fourth quarter valued at approximately $7,997,000. Finally, Raymond James Financial Inc. acquired a new stake in Tortoise Energy Infrastructure in the fourth quarter valued at approximately $7,158,000. 32.50% of the stock is owned by institutional investors and hedge funds.

Tortoise Energy Infrastructure Stock Down 1.4%

TYG traded down $0.63 during trading on Monday, hitting $42.87. The company's stock had a trading volume of 108,272 shares, compared to its average volume of 64,183. Tortoise Energy Infrastructure Corporation has a twelve month low of $33.09 and a twelve month high of $48.76. The business's fifty day simple moving average is $41.41 and its 200 day simple moving average is $42.30.

Tortoise Energy Infrastructure Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 24th were paid a $0.365 dividend. This represents a dividend yield of 10.35%. The ex-dividend date was Monday, June 23rd.

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.