Private Advisor Group LLC Invests $339,000 in Tortoise Energy Infrastructure Corporation (NYSE:TYG)

Key Points

• Private Advisor Group LLC initiated a new investment in Tortoise Energy Infrastructure Corporation (NYSE:TYG) worth approximately $339,000 by acquiring 7,866 shares, representing about 0.07% ownership.
• The recent dividend payout of $0.365 on July 31st yielded an impressive 1,011.0% for shareholders, with the ex-dividend date occurring on July 24th.
• Tortoise Energy Infrastructure's stock is currently priced at $43.36, with a 52-week range between $33.08 and $48.76.

Private Advisor Group LLC acquired a new position in shares of Tortoise Energy Infrastructure Corporation (NYSE:TYG - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,866 shares of the financial services provider's stock, valued at approximately $339,000. Private Advisor Group LLC owned about 0.07% of Tortoise Energy Infrastructure at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new stake in shares of Tortoise Energy Infrastructure during the fourth quarter valued at approximately $25,000. Comerica Bank raised its holdings in shares of Tortoise Energy Infrastructure by 95.0% during the fourth quarter. Comerica Bank now owns 942 shares of the financial services provider's stock worth $40,000 after acquiring an additional 459 shares during the period. Farther Finance Advisors LLC grew its position in Tortoise Energy Infrastructure by 756.6% in the first 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 in the last quarter. Spire Wealth Management grew its position 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 acquiring an additional 657 shares during the period. Finally, Quarry LP bought a new position in shares of Tortoise Energy Infrastructure in the 4th quarter valued at about $82,000. 32.50% of the stock is owned by institutional investors.

Tortoise Energy Infrastructure Stock Performance

Shares of TYG stock traded down $0.09 during midday trading on Tuesday, hitting $43.47. 40,532 shares of the company were exchanged, compared to its average volume of 90,359. Tortoise Energy Infrastructure Corporation has a 52 week low of $33.38 and a 52 week high of $48.76. The firm's 50 day moving average price is $42.44 and its two-hundred day moving average price is $42.21.

Tortoise Energy Infrastructure Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, July 31st. Investors of record on Friday, July 25th were given a dividend of $0.365 per share. This represents a yield of 1,011.0%. The ex-dividend date was Thursday, July 24th.

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.