North Ground Capital Invests $1.92 Million in Tortoise Energy Infrastructure Corporation $TYG

North Ground Capital bought a new position in Tortoise Energy Infrastructure Corporation (NYSE:TYG - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 44,800 shares of the financial services provider's stock, valued at approximately $1,920,576. Tortoise Energy Infrastructure makes up 0.0% of North Ground Capital's portfolio, making the stock its 16th biggest holding. North Ground Capital owned approximately 0.18% of Tortoise Energy Infrastructure at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Bard Associates Inc. bought a new position in shares of Tortoise Energy Infrastructure during the 2nd quarter valued at approximately $8,422,000. Closed End Fund Advisors Inc. purchased a new position in Tortoise Energy Infrastructure in the fourth quarter valued at about $3,000,000. Commerce Bank purchased a new stake in Tortoise Energy Infrastructure in the second quarter valued at approximately $2,951,000. Eagle Bluffs Wealth Management LLC grew its position in shares of Tortoise Energy Infrastructure by 74.0% in the 4th quarter. Eagle Bluffs Wealth Management LLC now owns 149,482 shares of the financial services provider's stock worth $6,114,000 after acquiring an additional 63,588 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Tortoise Energy Infrastructure by 22.6% in the fourth quarter. Royal Bank of Canada now owns 333,131 shares of the financial services provider's stock valued at $13,625,000 after buying an additional 61,432 shares during the period. 32.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tortoise Energy Infrastructure

In related news, Director Conrad S. Ciccotello acquired 4,107 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were bought at an average price of $42.24 per share, for a total transaction of $173,479.68. Following the completion of the transaction, the director directly owned 16,225 shares in the company, valued at approximately $685,344. This trade represents a 33.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.09% of the company's stock.

Tortoise Energy Infrastructure Stock Up 0.1%

Shares of NYSE:TYG traded up $0.04 on Friday, hitting $43.45. The stock had a trading volume of 68,337 shares, compared to its average volume of 153,985. The firm's 50 day moving average price is $43.33 and its 200-day moving average price is $45.89. Tortoise Energy Infrastructure Corporation has a twelve month low of $40.35 and a twelve month high of $51.18.

Tortoise Energy Infrastructure Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 23rd will be given a dividend of $0.475 per share. The ex-dividend date is Monday, November 23rd. This represents a c) dividend on an annualized basis and a yield of 13.1%.

Tortoise Energy Infrastructure Company Profile

Tortoise Energy Infrastructure Corp. NYSE: TYG is a closed-end management investment company that focuses on investing in energy infrastructure companies. Organized as a business development company under the Investment Company Act of 1940, it primarily acquires and manages a diversified portfolio of debt and equity securities issued by publicly traded and private energy infrastructure businesses. The company seeks to generate current income and long-term capital appreciation through selective investments across the energy value chain.

The firm's investment strategy emphasizes midstream infrastructure, including pipeline transportation, storage, processing facilities, and terminals.