Allspring Global Investments Holdings LLC trimmed its stake in Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) by 52.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 343,668 shares of the financial services provider's stock after selling 381,283 shares during the period. Allspring Global Investments Holdings LLC owned about 3.03% of Tortoise Energy Infrastructure worth $9,887,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of TYG. International Assets Investment Management LLC acquired a new position in Tortoise Energy Infrastructure in the third quarter worth $29,000. Quilter Plc acquired a new position in Tortoise Energy Infrastructure in the second quarter worth $33,000. Covington Capital Management acquired a new position in Tortoise Energy Infrastructure in the third quarter worth $33,000. D.A. Davidson & CO. acquired a new position in Tortoise Energy Infrastructure in the first quarter worth $210,000. Finally, Rockefeller Capital Management L.P. boosted its stake in Tortoise Energy Infrastructure by 11.0% in the second quarter. Rockefeller Capital Management L.P. now owns 10,059 shares of the financial services provider's stock worth $248,000 after purchasing an additional 1,000 shares in the last quarter. 32.50% of the stock is currently owned by institutional investors.
Tortoise Energy Infrastructure Price Performance
Tortoise Energy Infrastructure stock traded up $0.30 on Wednesday, reaching $30.17. The company's stock had a trading volume of 29,174 shares, compared to its average volume of 44,477. The business's fifty day moving average price is $29.89 and its 200 day moving average price is $28.98. Tortoise Energy Infrastructure Co. has a twelve month low of $26.72 and a twelve month high of $31.89.
Tortoise Energy Infrastructure Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 22nd were paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 9.41%. The ex-dividend date of this dividend was Wednesday, February 21st.
About Tortoise Energy Infrastructure
(
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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