Raymond James Financial Inc. Buys Shares of 170,425 Tortoise Energy Infrastructure Co. (NYSE:TYG)

Raymond James Financial Inc. acquired a new position in Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 170,425 shares of the financial services provider's stock, valued at approximately $7,158,000. Raymond James Financial Inc. owned about 1.58% of Tortoise Energy Infrastructure as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TYG. Advisors Asset Management Inc. increased its position 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 buying an additional 135,146 shares during the period. Aristides Capital LLC grew its position in shares of Tortoise Energy Infrastructure by 128.7% during the 4th quarter. Aristides Capital LLC now owns 269,253 shares of the financial services provider's stock valued at $11,309,000 after purchasing an additional 151,510 shares in the last quarter. Wells Fargo & Company MN increased its holdings 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 period. Sit Investment Associates Inc. raised its position 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 buying an additional 58,938 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. boosted its stake in Tortoise Energy Infrastructure by 28.8% during the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 127,580 shares of the financial services provider's stock valued at $5,358,000 after buying an additional 28,526 shares during the period. 32.50% of the stock is currently owned by institutional investors.

Tortoise Energy Infrastructure Price Performance

NYSE TYG traded down $0.09 during trading on Tuesday, reaching $39.89. The company's stock had a trading volume of 17,492 shares, compared to its average volume of 60,045. The firm has a fifty day moving average of $41.12 and a 200 day moving average of $42.73. Tortoise Energy Infrastructure Co. has a one year low of $30.73 and a one year high of $48.76.

Tortoise Energy Infrastructure Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th were given a dividend of $0.365 per share. The ex-dividend date of this dividend 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.