Private Advisor Group LLC Makes New $339,000 Investment 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 Tortoise Energy Infrastructure Corporation (NYSE:TYG - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 reporting period.

A number of other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new position in shares of Tortoise Energy Infrastructure during the 4th quarter valued at approximately $25,000. Comerica Bank increased its position 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 valued at $40,000 after purchasing an additional 459 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Tortoise Energy Infrastructure by 756.6% during 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 last quarter. Spire Wealth Management increased its position in shares of 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 valued at $69,000 after purchasing an additional 657 shares during the last quarter. Finally, Quarry LP bought a new position in shares of Tortoise Energy Infrastructure during the 4th quarter valued at approximately $82,000. Institutional investors own 32.50% of the company's stock.

Tortoise Energy Infrastructure Price Performance

NYSE TYG opened at $43.36 on Friday. The business's 50 day moving average price is $42.31 and its 200-day moving average price is $42.30. Tortoise Energy Infrastructure Corporation has a fifty-two week low of $33.08 and a fifty-two week high of $48.76.

Tortoise Energy Infrastructure Announces Dividend

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

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