Wealth Enhancement Advisory Services LLC increased its position in Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) by 35.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 103,800 shares of the financial services provider's stock after buying an additional 27,233 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.96% of Tortoise Energy Infrastructure worth $4,360,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. purchased a new position in Tortoise Energy Infrastructure in the fourth quarter valued at about $25,000. Noble Wealth Management PBC acquired a new position in shares of Tortoise Energy Infrastructure during the fourth quarter worth about $30,000. Comerica Bank lifted its stake 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 purchasing an additional 459 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of Tortoise Energy Infrastructure during the fourth quarter worth about $46,000. Finally, Quarry LP acquired a new position in shares of Tortoise Energy Infrastructure during the fourth quarter worth about $82,000. 32.50% of the stock is owned by hedge funds and other institutional investors.
Tortoise Energy Infrastructure Trading Up 0.8%
Shares of TYG traded up $0.32 during midday trading on Friday, reaching $41.50. 46,055 shares of the company were exchanged, compared to its average volume of 61,495. The stock has a 50-day moving average price of $39.71 and a 200-day moving average price of $42.54. Tortoise Energy Infrastructure Co. has a 1-year low of $32.66 and a 1-year high of $48.76.
Tortoise Energy Infrastructure Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.365 per share. This represents a $4.38 dividend on an annualized basis and a dividend yield of 10.56%. The ex-dividend date of this dividend is Friday, August 22nd.
Tortoise Energy Infrastructure Profile
(
Free Report)
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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