Fiduciary Alliance LLC Takes Position in Tortoise Energy Infrastructure Co. (NYSE:TYG)

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of TYG. Saba Capital Management L.P. boosted its position in Tortoise Energy Infrastructure by 118.8% during the 4th quarter. Saba Capital Management L.P. now owns 1,048,879 shares of the financial services provider's stock worth $44,053,000 after purchasing an additional 569,441 shares during the period. Advisors Asset Management Inc. boosted its position in Tortoise Energy Infrastructure by 53.8% during the 4th quarter. Advisors Asset Management Inc. now owns 386,221 shares of the financial services provider's stock worth $16,221,000 after purchasing an additional 135,146 shares during the period. Aristides Capital LLC boosted its position in Tortoise Energy Infrastructure by 128.7% during the 4th quarter. Aristides Capital LLC now owns 269,253 shares of the financial services provider's stock worth $11,309,000 after purchasing an additional 151,510 shares during the period. Almitas Capital LLC purchased a new stake in Tortoise Energy Infrastructure during the 4th quarter worth $10,444,000. Finally, Wells Fargo & Company MN boosted its position in Tortoise Energy Infrastructure by 1,713.7% during the 4th quarter. Wells Fargo & Company MN now owns 222,159 shares of the financial services provider's stock worth $9,331,000 after purchasing an additional 209,910 shares during the period. 32.50% of the stock is owned by hedge funds and other institutional investors.

Tortoise Energy Infrastructure Stock Up 0.8%

Tortoise Energy Infrastructure stock traded up $0.32 during trading on Friday, reaching $41.50. 46,055 shares of the company's stock were exchanged, compared to its average volume of 61,495. The company's 50-day moving average is $39.71 and its two-hundred day moving average is $42.54. Tortoise Energy Infrastructure Co. has a 52-week low of $32.66 and a 52-week high of $48.76.

Tortoise Energy Infrastructure Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, August 29th. Investors 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 yield of 10.56%.

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.