LPL Financial LLC Decreases Stake in Tortoise Energy Infrastructure Co. (NYSE:TYG)

LPL Financial LLC lessened its holdings in Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) by 12.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 63,148 shares of the financial services provider's stock after selling 9,012 shares during the period. LPL Financial LLC owned about 0.59% of Tortoise Energy Infrastructure worth $2,652,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TYG. Kercheville Advisors LLC purchased a new position in shares of Tortoise Energy Infrastructure during the 4th quarter worth $480,000. Financial Advocates Investment Management increased its position in Tortoise Energy Infrastructure by 337.1% in the fourth quarter. Financial Advocates Investment Management now owns 31,059 shares of the financial services provider's stock worth $1,304,000 after buying an additional 23,953 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Tortoise Energy Infrastructure by 625.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,192 shares of the financial services provider's stock worth $512,000 after buying an additional 10,512 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Tortoise Energy Infrastructure by 39.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 31,715 shares of the financial services provider's stock valued at $1,332,000 after buying an additional 9,007 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its stake in shares of Tortoise Energy Infrastructure by 58.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 21,347 shares of the financial services provider's stock valued at $838,000 after acquiring an additional 7,891 shares during the period. Hedge funds and other institutional investors own 32.50% of the company's stock.

Tortoise Energy Infrastructure Price Performance

NYSE:TYG traded up $0.39 during trading hours on Friday, hitting $39.43. 79,799 shares of the stock traded hands, compared to its average volume of 59,672. The stock has a 50 day moving average price of $41.97 and a 200 day moving average price of $42.77. Tortoise Energy Infrastructure Co. has a 1 year low of $30.67 and a 1 year high of $48.76.

Tortoise Energy Infrastructure Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th were paid a $0.365 dividend. 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.