Wealth Enhancement Advisory Services LLC Has $3.01 Million Stock Position in Tortoise Energy Infrastructure Co. (NYSE:TYG)

Wealth Enhancement Advisory Services LLC boosted its holdings in Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) by 604.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,567 shares of the financial services provider's stock after purchasing an additional 65,695 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.71% of Tortoise Energy Infrastructure worth $3,005,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Eagle Bluffs Wealth Management LLC grew its holdings in shares of Tortoise Energy Infrastructure by 5.2% during the 2nd quarter. Eagle Bluffs Wealth Management LLC now owns 105,038 shares of the financial services provider's stock worth $3,663,000 after purchasing an additional 5,147 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in Tortoise Energy Infrastructure by 7.2% in the 2nd quarter. Wolverine Asset Management LLC now owns 94,866 shares of the financial services provider's stock valued at $3,308,000 after buying an additional 6,337 shares during the period. Raymond James & Associates raised its position in shares of Tortoise Energy Infrastructure by 679.7% in the 3rd quarter. Raymond James & Associates now owns 75,830 shares of the financial services provider's stock valued at $2,976,000 after buying an additional 66,104 shares in the last quarter. Almitas Capital LLC lifted its holdings in shares of Tortoise Energy Infrastructure by 157.6% during the 2nd quarter. Almitas Capital LLC now owns 25,457 shares of the financial services provider's stock worth $888,000 after acquiring an additional 15,576 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in shares of Tortoise Energy Infrastructure by 11.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 21,405 shares of the financial services provider's stock worth $662,000 after acquiring an additional 2,176 shares in the last quarter. Institutional investors own 32.50% of the company's stock.

Tortoise Energy Infrastructure Stock Performance

NYSE:TYG traded down $0.14 during mid-day trading on Friday, reaching $40.19. The stock had a trading volume of 15,588 shares, compared to its average volume of 22,100. Tortoise Energy Infrastructure Co. has a 12 month low of $27.44 and a 12 month high of $41.46. The stock has a 50-day simple moving average of $38.77 and a two-hundred day simple moving average of $35.60.

Tortoise Energy Infrastructure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 23rd were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 7.76%. This is a boost from Tortoise Energy Infrastructure's previous quarterly dividend of $0.71.

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.