Css LLC Il Buys Shares of 11,418 Tortoise Energy Infrastructure Co. (NYSE:TYG)

CSS LLC IL bought a new stake in Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 11,418 shares of the financial services provider's stock, valued at approximately $480,000. CSS LLC IL owned approximately 0.11% of Tortoise Energy Infrastructure as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Saba Capital Management L.P. boosted its stake 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 buying an additional 569,441 shares in the last quarter. Almitas Capital LLC bought a new position in shares of Tortoise Energy Infrastructure in the fourth quarter worth about $10,444,000. Wells Fargo & Company MN boosted its stake in shares of Tortoise Energy Infrastructure by 1,713.7% in the 4th 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 in the last quarter. Bulldog Investors LLP bought a new stake in shares of Tortoise Energy Infrastructure during the 4th quarter valued at approximately $7,997,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Tortoise Energy Infrastructure during the 4th quarter valued at approximately $7,158,000. Institutional investors own 32.50% of the company's stock.

Tortoise Energy Infrastructure Price Performance

NYSE:TYG traded up $0.31 on Tuesday, hitting $40.85. The company had a trading volume of 23,180 shares, compared to its average volume of 60,958. Tortoise Energy Infrastructure Co. has a 52 week low of $32.50 and a 52 week high of $48.76. The firm has a 50 day moving average of $40.19 and a two-hundred day moving average of $42.69.

Tortoise Energy Infrastructure Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 22nd will be issued a dividend of $0.365 per share. The ex-dividend date is Friday, August 22nd. This represents a $4.38 annualized dividend and a dividend yield of 10.72%.

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.