Quantedge Capital Pte Ltd Has $987,000 Stock Position in Tortoise Energy Infrastructure Co. (NYSE:TYG)

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

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its holdings in 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 during the period. Aristides Capital LLC increased its holdings in shares of Tortoise Energy Infrastructure by 128.7% in the fourth quarter. Aristides Capital LLC now owns 269,253 shares of the financial services provider's stock worth $11,309,000 after buying an additional 151,510 shares during the period. Almitas Capital LLC bought a new stake in shares of Tortoise Energy Infrastructure in the fourth quarter worth about $10,444,000. Wells Fargo & Company MN grew its stake in shares of 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 purchasing an additional 209,910 shares during 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 purchasing an additional 58,938 shares during the last quarter. 32.50% of the stock is owned by institutional investors.

Tortoise Energy Infrastructure Stock Down 0.9%

Tortoise Energy Infrastructure stock opened at $40.78 on Thursday. The stock's 50 day simple moving average is $40.40 and its two-hundred day simple moving average is $42.65. Tortoise Energy Infrastructure Co. has a fifty-two week low of $32.50 and a fifty-two week high of $48.76.

Tortoise Energy Infrastructure Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 25th were issued a $0.365 dividend. The ex-dividend date was Monday, March 24th. This represents a yield of 10%.

About Tortoise Energy Infrastructure

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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