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

Focus Partners Advisor Solutions LLC acquired a new position in Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TYG. Hartford Financial Management Inc. raised its position in shares of Tortoise Energy Infrastructure by 37.5% during the fourth quarter. Hartford Financial Management Inc. now owns 803 shares of the financial services provider's stock valued at $34,000 after buying an additional 219 shares during the last quarter. Comerica Bank increased its position in Tortoise Energy Infrastructure by 95.0% in the fourth quarter. Comerica Bank now owns 942 shares of the financial services provider's stock worth $40,000 after purchasing an additional 459 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in Tortoise Energy Infrastructure in the fourth quarter worth $25,000. Jaffetilchin Investment Partners LLC increased its position in Tortoise Energy Infrastructure by 13.3% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 5,239 shares of the financial services provider's stock worth $220,000 after purchasing an additional 613 shares during the last quarter. Finally, Noble Wealth Management PBC bought a new stake in Tortoise Energy Infrastructure in the fourth quarter worth $30,000. Hedge funds and other institutional investors own 32.50% of the company's stock.

Tortoise Energy Infrastructure Trading Down 0.5%

TYG traded down $0.18 during trading hours on Thursday, hitting $40.26. The company's stock had a trading volume of 41,701 shares, compared to its average volume of 98,758. The business's 50-day moving average price is $40.06 and its 200-day moving average price is $42.66. Tortoise Energy Infrastructure Co. has a 12 month low of $32.50 and a 12 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 $0.365 dividend. This represents a $4.38 annualized dividend and a yield of 10.88%. The ex-dividend date is Friday, August 22nd.

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.