Thomas J. Herzfeld Advisors Inc. Increases Stake in Tortoise Energy Infrastructure Co. (NYSE:TYG)

Thomas J. Herzfeld Advisors Inc. grew its holdings in Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) by 28.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,580 shares of the financial services provider's stock after purchasing an additional 28,526 shares during the period. Tortoise Energy Infrastructure comprises about 1.7% of Thomas J. Herzfeld Advisors Inc.'s investment portfolio, making the stock its 17th biggest holding. Thomas J. Herzfeld Advisors Inc. owned 1.18% of Tortoise Energy Infrastructure worth $5,358,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Tortoise Energy Infrastructure in the 4th quarter worth about $7,158,000. Advisors Asset Management Inc. grew its stake in shares of Tortoise Energy Infrastructure by 53.8% in the fourth quarter. Advisors Asset Management Inc. now owns 386,221 shares of the financial services provider's stock worth $16,221,000 after acquiring an additional 135,146 shares during the period. Meixler Investment Management Ltd. purchased a new position in shares of Tortoise Energy Infrastructure during the fourth quarter valued at approximately $5,151,000. HighTower Advisors LLC bought a new position in Tortoise Energy Infrastructure during the fourth quarter valued at approximately $2,416,000. Finally, Financial Advocates Investment Management lifted its position in Tortoise Energy Infrastructure by 337.1% during the fourth quarter. Financial Advocates Investment Management now owns 31,059 shares of the financial services provider's stock valued at $1,304,000 after purchasing an additional 23,953 shares during the period. Hedge funds and other institutional investors own 32.50% of the company's stock.

Tortoise Energy Infrastructure Trading Down 9.8 %

NYSE:TYG traded down $4.11 during trading hours on Friday, reaching $37.90. The company had a trading volume of 220,781 shares, compared to its average volume of 56,377. The firm's 50 day moving average price is $43.66 and its 200-day moving average price is $42.88. Tortoise Energy Infrastructure Co. has a 52 week low of $29.54 and a 52 week high of $48.76.

Tortoise Energy Infrastructure Announces Dividend

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. This represents a dividend yield of 10%. The ex-dividend date was Monday, March 24th.

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.