Tortoise Energy Infrastructure Corporation (NYSE:TYG - Get Free Report) declared a dividend on Wednesday, July 16th, investing.com reports. Investors 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 Trading Down 0.8%
Shares of TYG stock traded down $0.35 during trading on Thursday, hitting $42.76. The company had a trading volume of 87,951 shares, compared to its average volume of 65,383. The stock's 50-day moving average price is $41.87 and its 200 day moving average price is $42.33. Tortoise Energy Infrastructure has a one year low of $33.09 and a one year high of $48.76.
Institutional Trading of Tortoise Energy Infrastructure
An institutional investor recently bought a new position in Tortoise Energy Infrastructure stock. Integrated Wealth Concepts LLC acquired a new position in shares of Tortoise Energy Infrastructure Corporation (NYSE:TYG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,622 shares of the financial services provider's stock, valued at approximately $242,000. Integrated Wealth Concepts LLC owned about 0.05% of Tortoise Energy Infrastructure as of its most recent SEC filing. Hedge funds and other institutional investors own 32.50% of the company's stock.
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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