Tortoise Energy Infrastructure Co. (NYSE:TYG) is Aristides Capital LLC's 4th Largest Position

Aristides Capital LLC boosted its holdings in Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) by 128.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 269,253 shares of the financial services provider's stock after buying an additional 151,510 shares during the period. Tortoise Energy Infrastructure makes up 2.3% of Aristides Capital LLC's investment portfolio, making the stock its 4th biggest holding. Aristides Capital LLC owned approximately 2.50% of Tortoise Energy Infrastructure worth $11,309,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TYG. Sit Investment Associates Inc. raised its holdings in shares of Tortoise Energy Infrastructure by 44.7% during the 4th quarter. Sit Investment Associates Inc. now owns 190,690 shares of the financial services provider's stock valued at $8,009,000 after buying an additional 58,938 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Tortoise Energy Infrastructure by 1,713.7% in the 4th quarter. Wells Fargo & Company MN now owns 222,159 shares of the financial services provider's stock valued at $9,331,000 after purchasing an additional 209,910 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. grew its holdings in shares of Tortoise Energy Infrastructure by 28.8% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 127,580 shares of the financial services provider's stock valued at $5,358,000 after purchasing an additional 28,526 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in Tortoise Energy Infrastructure in the 4th quarter worth $25,000. Finally, 1620 Investment Advisors Inc. purchased a new stake in Tortoise Energy Infrastructure during the fourth quarter valued at about $808,000. 32.50% of the stock is currently owned by institutional investors.

Tortoise Energy Infrastructure Trading Down 0.4 %

TYG stock traded down $0.15 during trading on Friday, hitting $36.44. 58,921 shares of the company traded hands, compared to its average volume of 58,744. Tortoise Energy Infrastructure Co. has a 1 year low of $29.54 and a 1 year high of $48.76. The company has a 50-day moving average of $42.66 and a 200-day moving average of $42.81.

Tortoise Energy Infrastructure Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th were issued a dividend of $0.365 per share. The ex-dividend date was Monday, March 24th. This represents a dividend yield of 10%.

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.