Quantedge Capital Pte Ltd Sells 14,906 Shares of Tortoise Energy Infrastructure Co. (NYSE:TYG)

Quantedge Capital Pte Ltd reduced its holdings in Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) by 38.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,497 shares of the financial services provider's stock after selling 14,906 shares during the quarter. Quantedge Capital Pte Ltd owned about 0.22% of Tortoise Energy Infrastructure worth $987,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TYG. Advisors Asset Management Inc. increased its stake in shares of Tortoise Energy Infrastructure by 53.8% during the fourth quarter. Advisors Asset Management Inc. now owns 386,221 shares of the financial services provider's stock valued at $16,221,000 after purchasing an additional 135,146 shares in the last quarter. Aristides Capital LLC raised its stake in Tortoise Energy Infrastructure by 128.7% during the fourth quarter. Aristides Capital LLC now owns 269,253 shares of the financial services provider's stock valued at $11,309,000 after buying an additional 151,510 shares during the last quarter. Almitas Capital LLC purchased a new position in Tortoise Energy Infrastructure during the fourth quarter valued at $10,444,000. Wells Fargo & Company MN boosted its holdings 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 in the last quarter. Finally, Sit Investment Associates Inc. grew its stake in shares of Tortoise Energy Infrastructure by 44.7% in the fourth quarter. Sit Investment Associates Inc. now owns 190,690 shares of the financial services provider's stock worth $8,009,000 after acquiring an additional 58,938 shares during the last quarter. 32.50% of the stock is currently owned by institutional investors.

Tortoise Energy Infrastructure Price Performance

Shares of TYG traded up $0.15 during trading hours on Tuesday, hitting $41.47. The company had a trading volume of 29,098 shares, compared to its average volume of 101,225. The firm has a fifty day moving average price of $40.42 and a 200-day moving average price of $42.71. Tortoise Energy Infrastructure Co. has a 52-week low of $32.50 and a 52-week high of $48.76.

Tortoise Energy Infrastructure Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $4.38 annualized dividend and a yield of 10.56%.

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.