7,454 Shares in Tortoise Energy Infrastructure Co. (NYSE:TYG) Acquired by Fiduciary Alliance LLC

Fiduciary Alliance LLC bought a new position in Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,454 shares of the financial services provider's stock, valued at approximately $321,000. Fiduciary Alliance LLC owned approximately 0.07% of Tortoise Energy Infrastructure as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Saba Capital Management L.P. increased its position in Tortoise Energy Infrastructure by 118.8% during 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 acquiring an additional 569,441 shares during the last quarter. Advisors Asset Management Inc. increased its position in Tortoise Energy Infrastructure by 53.8% during the fourth quarter. Advisors Asset Management Inc. now owns 386,221 shares of the financial services provider's stock valued at $16,221,000 after acquiring an additional 135,146 shares during the last quarter. Aristides Capital LLC increased its position in Tortoise Energy Infrastructure by 128.7% during the fourth quarter. Aristides Capital LLC now owns 269,253 shares of the financial services provider's stock valued at $11,309,000 after acquiring an additional 151,510 shares during the last quarter. Almitas Capital LLC bought a new position in Tortoise Energy Infrastructure during the fourth quarter valued at $10,444,000. Finally, Wells Fargo & Company MN increased its position in Tortoise Energy Infrastructure by 1,713.7% during 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 acquiring an additional 209,910 shares during the last quarter. Institutional investors own 32.50% of the company's stock.

Tortoise Energy Infrastructure Trading Down 0.3%

TYG stock traded down $0.13 during trading on Thursday, hitting $41.10. The company had a trading volume of 27,938 shares, compared to its average volume of 61,131. The company has a 50 day simple moving average of $39.78 and a 200-day simple moving average of $42.59. Tortoise Energy Infrastructure Co. has a 52-week low of $32.60 and a 52-week high of $48.76.

Tortoise Energy Infrastructure Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, August 29th. Shareholders 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 annualized dividend and a yield of 10.66%.

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.