Arete Wealth Advisors LLC reduced its stake in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) by 10.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,999 shares of the financial services provider's stock after selling 13,325 shares during the quarter. Arete Wealth Advisors LLC owned about 1.10% of Tortoise Energy Infrastructure worth $4,970,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Hartford Financial Management Inc. raised its holdings in shares of Tortoise Energy Infrastructure by 37.5% in the fourth quarter. Hartford Financial Management Inc. now owns 803 shares of the financial services provider's stock valued at $34,000 after buying an additional 219 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in Tortoise Energy Infrastructure in the fourth quarter valued at $25,000. D.A. Davidson & CO. boosted its position in shares of Tortoise Energy Infrastructure by 6.0% during the 3rd quarter. D.A. Davidson & CO. now owns 11,636 shares of the financial services provider's stock worth $457,000 after purchasing an additional 661 shares in the last quarter. Noble Wealth Management PBC purchased a new position in shares of Tortoise Energy Infrastructure in the 4th quarter valued at about $30,000. Finally, DAVENPORT & Co LLC lifted its stake in shares of Tortoise Energy Infrastructure by 13.6% in the fourth quarter. DAVENPORT & Co LLC now owns 7,622 shares of the financial services provider's stock valued at $320,000 after purchasing an additional 915 shares during the period. Institutional investors and hedge funds own 32.50% of the company's stock.
Tortoise Energy Infrastructure Price Performance
Shares of NYSE:TYG traded up $1.04 during trading on Tuesday, hitting $37.29. 66,018 shares of the stock were exchanged, compared to its average volume of 57,462. The company has a fifty day moving average price of $43.50 and a two-hundred day moving average price of $42.95. Tortoise Energy Infrastructure Co. has a 12-month low of $29.54 and a 12-month high of $48.76.
Tortoise Energy Infrastructure Announces Dividend
The company also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th were paid a dividend of $0.365 per share. This represents a dividend yield of 10%. The ex-dividend date was Monday, March 24th.
Tortoise Energy Infrastructure Company Profile
(
Free Report)
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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