Focus Partners Advisor Solutions LLC Buys New Stake in Tortoise Energy Infrastructure Co. (NYSE:TYG)

Focus Partners Advisor Solutions LLC purchased a new stake in Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 18,679 shares of the financial services provider's stock, valued at approximately $785,000. Focus Partners Advisor Solutions LLC owned about 0.17% of Tortoise Energy Infrastructure as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Saba Capital Management L.P. increased its position in shares of 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 worth $44,053,000 after purchasing an additional 569,441 shares in the last quarter. Almitas Capital LLC purchased a new stake in shares of Tortoise Energy Infrastructure during the 4th quarter worth approximately $10,444,000. Wells Fargo & Company MN boosted its stake in shares of 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 acquiring an additional 209,910 shares in the last quarter. Bulldog Investors LLP purchased a new stake in shares of Tortoise Energy Infrastructure during the 4th quarter worth approximately $7,997,000. Finally, Raymond James Financial Inc. purchased a new stake in Tortoise Energy Infrastructure in the 4th quarter valued at approximately $7,158,000. Institutional investors and hedge funds own 32.50% of the company's stock.

Tortoise Energy Infrastructure Trading Up 0.7%

TYG traded up $0.28 during trading on Tuesday, hitting $40.82. The company's stock had a trading volume of 57,274 shares, compared to its average volume of 61,085. The firm's 50 day moving average price is $40.19 and its 200-day moving average price is $42.69. Tortoise Energy Infrastructure Co. has a twelve month low of $32.50 and a twelve month 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 10.73%.

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.