Concorde Asset Management LLC Purchases New Shares in Tortoise Energy Infrastructure Co. (NYSE:TYG)

Concorde Asset Management LLC acquired a new stake 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 (SEC). The firm acquired 15,303 shares of the financial services provider's stock, valued at approximately $643,000. Concorde Asset Management LLC owned 0.14% of Tortoise Energy Infrastructure as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Hartford Financial Management Inc. boosted its holdings in Tortoise Energy Infrastructure by 37.5% in the 4th quarter. Hartford Financial Management Inc. now owns 803 shares of the financial services provider's stock worth $34,000 after acquiring an additional 219 shares during the period. JPMorgan Chase & Co. acquired a new position in Tortoise Energy Infrastructure in the fourth quarter worth $25,000. Jaffetilchin Investment Partners LLC lifted its holdings in Tortoise Energy Infrastructure by 13.3% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 5,239 shares of the financial services provider's stock worth $220,000 after acquiring an additional 613 shares in the last quarter. Noble Wealth Management PBC acquired a new stake in shares of Tortoise Energy Infrastructure during the 4th quarter worth about $30,000. Finally, DAVENPORT & Co LLC raised its holdings in shares of Tortoise Energy Infrastructure by 13.6% during the 4th quarter. DAVENPORT & Co LLC now owns 7,622 shares of the financial services provider's stock worth $320,000 after buying an additional 915 shares in the last quarter. 32.50% of the stock is owned by hedge funds and other institutional investors.

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Tortoise Energy Infrastructure Stock Up 3.4 %

Shares of TYG stock traded up $1.25 during trading hours on Monday, reaching $38.29. The company had a trading volume of 72,923 shares, compared to its average volume of 59,129. Tortoise Energy Infrastructure Co. has a 12 month low of $29.54 and a 12 month high of $48.76. The business has a fifty day simple moving average of $42.33 and a 200-day simple moving average of $42.81.

Tortoise Energy Infrastructure Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 25th were paid a $0.365 dividend. This represents a yield of 10%. The ex-dividend date of this dividend was Monday, March 24th.

Tortoise Energy Infrastructure Profile

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.