Tortoise Energy Infrastructure Corporation (NYSE:TYG - Get Free Report) declared a dividend on Wednesday, July 16th, investing.com reports. Shareholders of record on Friday, July 25th will be given a dividend of 0.365 per share by the financial services provider on Thursday, July 31st. This represents a yield of 10.11%. The ex-dividend date is Thursday, July 24th.
Tortoise Energy Infrastructure Stock Up 0.7%
Shares of TYG stock traded up $0.28 during midday trading on Friday, reaching $43.01. 104,428 shares of the company were exchanged, compared to its average volume of 65,930. The company's 50 day moving average price is $41.99 and its two-hundred day moving average price is $42.34. Tortoise Energy Infrastructure has a 12 month low of $33.09 and a 12 month high of $48.76.
Institutional Trading of Tortoise Energy Infrastructure
A hedge fund recently bought a new stake in Tortoise Energy Infrastructure stock. Integrated Wealth Concepts LLC purchased a new stake in shares of Tortoise Energy Infrastructure Corporation (NYSE:TYG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,622 shares of the financial services provider's stock, valued at approximately $242,000. Integrated Wealth Concepts LLC owned 0.05% of Tortoise Energy Infrastructure at the end of the most recent reporting period. 32.50% of the stock is currently owned by institutional investors and hedge funds.
About Tortoise Energy Infrastructure
(
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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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