9,527 Shares in Tortoise Energy Infrastructure Co. (NYSE:TYG) Acquired by Moors & Cabot Inc.

Moors & Cabot Inc. purchased a new position in Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,527 shares of the financial services provider's stock, valued at approximately $400,000. Moors & Cabot Inc. owned about 0.09% of Tortoise Energy Infrastructure as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hartford Financial Management Inc. lifted its holdings in Tortoise Energy Infrastructure by 37.5% during the fourth quarter. Hartford Financial Management Inc. now owns 803 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 219 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in Tortoise Energy Infrastructure by 6.0% during the third quarter. D.A. Davidson & CO. now owns 11,636 shares of the financial services provider's stock valued at $457,000 after purchasing an additional 661 shares during the last quarter. Noble Wealth Management PBC purchased a new stake in Tortoise Energy Infrastructure during the fourth quarter valued at about $30,000. DAVENPORT & Co LLC lifted its holdings in Tortoise Energy Infrastructure by 13.6% during 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 last quarter. Finally, Principal Securities Inc. purchased a new stake in Tortoise Energy Infrastructure during the fourth quarter valued at about $46,000. 32.50% of the stock is owned by hedge funds and other institutional investors.

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Tortoise Energy Infrastructure Price Performance

NYSE TYG traded up $0.21 during trading on Wednesday, hitting $43.71. 107,123 shares of the company's stock traded hands, compared to its average volume of 55,232. The business has a 50 day moving average of $44.43 and a 200-day moving average of $42.35. Tortoise Energy Infrastructure Co. has a 12-month low of $29.35 and a 12-month high of $48.76.

Tortoise Energy Infrastructure Announces Dividend

The business also recently declared a -- dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.365 per share. This represents a dividend yield of 8.4%. The ex-dividend date of this dividend is Friday, May 23rd.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. sold 5,667 shares of the company's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $41.61, for a total transaction of $235,803.87. Following the sale, the insider now directly owns 1,061,234 shares in the company, valued at $44,157,946.74. This represents a 0.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.28% of the company's stock.

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.