Penserra Capital Management LLC Invests $4.96 Million in Tortoise Energy Infrastructure Corporation (NYSE:TYG)

Penserra Capital Management LLC purchased a new position in shares of Tortoise Energy Infrastructure Corporation (NYSE:TYG - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 115,265 shares of the financial services provider's stock, valued at approximately $4,962,000. Penserra Capital Management LLC owned about 1.07% of Tortoise Energy Infrastructure as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new position in Tortoise Energy Infrastructure during the fourth quarter valued at approximately $25,000. Comerica Bank raised its stake in shares of Tortoise Energy Infrastructure by 95.0% during the 4th quarter. Comerica Bank now owns 942 shares of the financial services provider's stock worth $40,000 after purchasing an additional 459 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Tortoise Energy Infrastructure by 756.6% in the 1st quarter. Farther Finance Advisors LLC now owns 1,225 shares of the financial services provider's stock valued at $53,000 after buying an additional 1,082 shares during the last quarter. Spire Wealth Management grew its stake in shares of Tortoise Energy Infrastructure by 68.9% in the first quarter. Spire Wealth Management now owns 1,611 shares of the financial services provider's stock valued at $69,000 after buying an additional 657 shares in the last quarter. Finally, Quarry LP bought a new position in shares of Tortoise Energy Infrastructure in the fourth quarter valued at $82,000. 32.50% of the stock is owned by institutional investors.

Tortoise Energy Infrastructure Stock Performance

NYSE TYG traded down $0.63 on Monday, hitting $42.87. 108,272 shares of the stock were exchanged, compared to its average volume of 64,183. The business's fifty day moving average is $41.35 and its 200 day moving average is $42.29. Tortoise Energy Infrastructure Corporation has a 52 week low of $33.09 and a 52 week high of $48.76.

Tortoise Energy Infrastructure Announces Dividend

The company also recently announced a dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 24th were issued a $0.365 dividend. The ex-dividend date was Monday, June 23rd. This represents a dividend yield of 10.35%.

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.