9,848 Shares in Tortoise Energy Infrastructure Co. (NYSE:TYG) Purchased by Cornerstone Advisory LLC

Cornerstone Advisory LLC acquired a new stake in Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 9,848 shares of the financial services provider's stock, valued at approximately $448,000. Cornerstone Advisory LLC owned about 0.09% of Tortoise Energy Infrastructure as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kercheville Advisors LLC bought a new position in shares of Tortoise Energy Infrastructure in the 4th quarter worth approximately $480,000. Financial Advocates Investment Management raised its holdings 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 valued at $1,304,000 after purchasing an additional 23,953 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in Tortoise Energy Infrastructure by 625.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,192 shares of the financial services provider's stock valued at $512,000 after purchasing an additional 10,512 shares during the period. Janney Montgomery Scott LLC grew its position in Tortoise Energy Infrastructure by 39.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 31,715 shares of the financial services provider's stock worth $1,332,000 after purchasing an additional 9,007 shares during the period. Finally, Catalina Capital Group LLC bought a new position in Tortoise Energy Infrastructure in the fourth quarter worth approximately $266,000. 32.50% of the stock is currently owned by institutional investors.

Tortoise Energy Infrastructure Price Performance

NYSE:TYG traded down $0.23 during trading hours on Wednesday, hitting $40.62. 21,618 shares of the stock traded hands, compared to its average volume of 60,931. The stock has a 50 day moving average price of $40.13 and a 200 day moving average price of $42.68. Tortoise Energy Infrastructure Co. has a 1 year low of $32.50 and a 1 year high of $48.76.

Tortoise Energy Infrastructure Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.365 per share. The ex-dividend date is Friday, August 22nd. This represents a $4.38 dividend on an annualized basis and a dividend yield of 10.78%.

About Tortoise Energy Infrastructure

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.