Penserra Capital Management LLC Acquires New Shares in Tortoise Energy Infrastructure Corporation (NYSE:TYG)

Penserra Capital Management LLC acquired a new position in Tortoise Energy Infrastructure Corporation (NYSE:TYG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 115,265 shares of the financial services provider's stock, valued at approximately $4,962,000. Penserra Capital Management LLC owned approximately 1.07% of Tortoise Energy Infrastructure at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TYG. Steward Partners Investment Advisory LLC grew its position in Tortoise Energy Infrastructure by 625.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,192 shares of the financial services provider's stock valued at $512,000 after purchasing an additional 10,512 shares during the last quarter. Focus Partners Advisor Solutions LLC bought a new position in shares of Tortoise Energy Infrastructure in the 4th quarter worth approximately $785,000. Spire Wealth Management raised its stake in Tortoise Energy Infrastructure by 68.9% during the 1st quarter. Spire Wealth Management now owns 1,611 shares of the financial services provider's stock worth $69,000 after acquiring an additional 657 shares during the period. Bank of America Corp DE raised its stake in Tortoise Energy Infrastructure by 56.1% during the 4th quarter. Bank of America Corp DE now owns 61,617 shares of the financial services provider's stock worth $2,588,000 after acquiring an additional 22,156 shares during the period. Finally, Fiduciary Alliance LLC bought a new stake in Tortoise Energy Infrastructure during the 1st quarter worth approximately $321,000. 32.50% of the stock is owned by hedge funds and other institutional investors.

Tortoise Energy Infrastructure Trading Down 0.3%

TYG traded down $0.11 during trading on Thursday, reaching $42.84. 56,756 shares of the company traded hands, compared to its average volume of 64,302. Tortoise Energy Infrastructure Corporation has a 12-month low of $33.09 and a 12-month high of $48.76. The firm has a fifty day simple moving average of $41.53 and a 200 day simple moving average of $42.31.

Tortoise Energy Infrastructure Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 24th were issued a dividend of $0.365 per share. This represents a yield of 10.35%. The ex-dividend date of this dividend was Monday, June 23rd.

About Tortoise Energy Infrastructure

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.