Wealth Enhancement Advisory Services LLC Purchases 27,233 Shares of Tortoise Energy Infrastructure Co. (NYSE:TYG)

Wealth Enhancement Advisory Services LLC raised its stake in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) by 35.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Saba Capital Management L.P. grew its position in Tortoise Energy Infrastructure by 118.8% during the fourth quarter. Saba Capital Management L.P. now owns 1,048,879 shares of the financial services provider's stock valued at $44,053,000 after acquiring an additional 569,441 shares during the last quarter. Almitas Capital LLC purchased a new position in Tortoise Energy Infrastructure during the 4th quarter valued at about $10,444,000. Wells Fargo & Company MN lifted its stake in Tortoise Energy Infrastructure by 1,713.7% in the fourth quarter. Wells Fargo & Company MN now owns 222,159 shares of the financial services provider's stock worth $9,331,000 after acquiring an additional 209,910 shares during the period. Bulldog Investors LLP purchased a new stake in shares of Tortoise Energy Infrastructure in the 4th quarter worth about $7,997,000. Finally, Raymond James Financial Inc. bought a new stake in Tortoise Energy Infrastructure during the 4th quarter valued at approximately $7,158,000. 32.50% of the stock is owned by hedge funds and other institutional investors.

Tortoise Energy Infrastructure Price Performance

TYG traded down $0.13 during trading on Thursday, reaching $41.10. The stock had a trading volume of 27,938 shares, compared to its average volume of 61,131. Tortoise Energy Infrastructure Co. has a one year low of $32.60 and a one year high of $48.76. The stock's 50 day moving average is $39.78 and its two-hundred day moving average is $42.59.

Tortoise Energy Infrastructure Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 22nd will be issued a $0.365 dividend. This represents a $4.38 dividend on an annualized basis and a yield of 10.66%. The ex-dividend date is Friday, August 22nd.

Tortoise Energy Infrastructure 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.