Bayshore Asset Management LLC Purchases Shares of 17,527 Tortoise Energy Infrastructure Co. (NYSE:TYG)

Bayshore Asset Management LLC purchased a new stake in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 17,527 shares of the financial services provider's stock, valued at approximately $688,000. Bayshore Asset Management LLC owned approximately 0.16% of Tortoise Energy Infrastructure at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TYG. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Tortoise Energy Infrastructure in the 3rd quarter valued at approximately $82,000. Blue Bell Private Wealth Management LLC raised its stake in Tortoise Energy Infrastructure by 27.9% during the second quarter. Blue Bell Private Wealth Management LLC now owns 2,934 shares of the financial services provider's stock worth $102,000 after acquiring an additional 640 shares during the period. Carmichael Hill & Associates Inc. lifted its holdings in Tortoise Energy Infrastructure by 9.4% in the second quarter. Carmichael Hill & Associates Inc. now owns 7,931 shares of the financial services provider's stock worth $277,000 after acquiring an additional 682 shares during the last quarter. Transcend Capital Advisors LLC bought a new position in shares of Tortoise Energy Infrastructure during the second quarter valued at approximately $320,000. Finally, SeaCrest Wealth Management LLC raised its position in shares of Tortoise Energy Infrastructure by 37.4% during the 1st quarter. SeaCrest Wealth Management LLC now owns 11,729 shares of the financial services provider's stock worth $363,000 after purchasing an additional 3,192 shares during the period. Institutional investors and hedge funds own 32.50% of the company's stock.

Tortoise Energy Infrastructure Trading Down 0.6 %

NYSE:TYG traded down $0.24 during midday trading on Tuesday, reaching $40.70. 22,430 shares of the company traded hands, compared to its average volume of 39,523. Tortoise Energy Infrastructure Co. has a twelve month low of $27.25 and a twelve month high of $41.46. The company has a fifty day moving average price of $37.99 and a 200 day moving average price of $35.07.

Tortoise Energy Infrastructure Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 23rd were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 7.67%. This is a positive change from Tortoise Energy Infrastructure's previous quarterly dividend of $0.71. The ex-dividend date was Friday, August 23rd.

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.