Bard Associates Inc. acquired a new stake in Tortoise Energy Infrastructure Corporation (NYSE:TYG - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 196,455 shares of the financial services provider's stock, valued at approximately $8,422,000. Tortoise Energy Infrastructure makes up about 1.9% of Bard Associates Inc.'s holdings, making the stock its 14th biggest position. Bard Associates Inc. owned 0.77% of Tortoise Energy Infrastructure at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Closed End Fund Advisors Inc. bought a new stake in shares of Tortoise Energy Infrastructure in the fourth quarter valued at approximately $3,000,000. Eagle Bluffs Wealth Management LLC lifted its position in shares of Tortoise Energy Infrastructure by 74.0% during the 4th quarter. Eagle Bluffs Wealth Management LLC now owns 149,482 shares of the financial services provider's stock valued at $6,114,000 after acquiring an additional 63,588 shares during the period. Royal Bank of Canada grew its holdings in shares of Tortoise Energy Infrastructure by 22.6% during the 4th quarter. Royal Bank of Canada now owns 333,131 shares of the financial services provider's stock worth $13,625,000 after purchasing an additional 61,432 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Tortoise Energy Infrastructure by 17.9% during the 4th quarter. Advisors Asset Management Inc. now owns 381,612 shares of the financial services provider's stock worth $15,608,000 after purchasing an additional 57,930 shares in the last quarter. Finally, Evolve Private Wealth LLC bought a new position in shares of Tortoise Energy Infrastructure in the fourth quarter worth $1,881,000. Institutional investors own 32.50% of the company's stock.
Insider Buying and Selling
In other Tortoise Energy Infrastructure news, Director Conrad S. Ciccotello bought 4,107 shares of the business's stock in a transaction on Thursday, June 25th. The stock was purchased at an average cost of $42.24 per share, for a total transaction of $173,479.68. Following the completion of the purchase, the director directly owned 16,225 shares of the company's stock, valued at approximately $685,344. This trade represents a 33.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.09% of the stock is currently owned by corporate insiders.
Tortoise Energy Infrastructure Stock Performance
Shares of NYSE:TYG opened at $44.74 on Friday. The firm has a 50 day moving average of $43.26 and a 200-day moving average of $45.91. Tortoise Energy Infrastructure Corporation has a 12 month low of $40.35 and a 12 month high of $51.18.
Tortoise Energy Infrastructure Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 23rd will be paid a $0.475 dividend. This represents a c) dividend on an annualized basis and a yield of 12.7%. The ex-dividend date of this dividend is Monday, November 23rd.
Tortoise Energy Infrastructure Company Profile
(
Free Report)
Tortoise Energy Infrastructure Corp. NYSE: TYG is a closed-end management investment company that focuses on investing in energy infrastructure companies. Organized as a business development company under the Investment Company Act of 1940, it primarily acquires and manages a diversified portfolio of debt and equity securities issued by publicly traded and private energy infrastructure businesses. The company seeks to generate current income and long-term capital appreciation through selective investments across the energy value chain.
The firm's investment strategy emphasizes midstream infrastructure, including pipeline transportation, storage, processing facilities, and terminals.
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