Penserra Capital Management LLC Takes Position in Tortoise Energy Infrastructure Corporation (NYSE:TYG)

Penserra Capital Management LLC acquired a new position in shares of Tortoise Energy Infrastructure Corporation (NYSE:TYG - Free Report) during the 1st quarter, according to the company in its most recent disclosure 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 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new position in shares of Tortoise Energy Infrastructure in the 4th quarter valued at $25,000. Comerica Bank raised its stake in shares of Tortoise Energy Infrastructure by 95.0% in the 4th quarter. Comerica Bank now owns 942 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 459 shares during the period. Farther Finance Advisors LLC raised its stake 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 purchasing an additional 1,082 shares during the period. Spire Wealth Management raised its stake in shares of Tortoise Energy Infrastructure by 68.9% in the 1st quarter. Spire Wealth Management now owns 1,611 shares of the financial services provider's stock valued at $69,000 after purchasing an additional 657 shares during the period. Finally, Quarry LP acquired a new stake in shares of Tortoise Energy Infrastructure in the fourth quarter valued at about $82,000. Institutional investors and hedge funds own 32.50% of the company's stock.

Tortoise Energy Infrastructure Price Performance

Shares of Tortoise Energy Infrastructure stock traded up $0.11 on Tuesday, hitting $43.09. The stock had a trading volume of 29,479 shares, compared to its average volume of 64,053. Tortoise Energy Infrastructure Corporation has a twelve month low of $33.09 and a twelve month high of $48.76. The business's 50 day moving average is $41.41 and its two-hundred day moving average is $42.30.

Tortoise Energy Infrastructure Dividend Announcement

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