Raymond James Financial Inc. Acquires Shares of 170,425 Tortoise Energy Infrastructure Co. (NYSE:TYG)

Raymond James Financial Inc. purchased a new stake in Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 170,425 shares of the financial services provider's stock, valued at approximately $7,158,000. Raymond James Financial Inc. owned about 1.58% of Tortoise Energy Infrastructure at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new position in Tortoise Energy Infrastructure in the fourth quarter valued at approximately $25,000. Noble Wealth Management PBC bought a new position in shares of Tortoise Energy Infrastructure in the fourth quarter valued at $30,000. Hartford Financial Management Inc. increased 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 worth $34,000 after buying an additional 219 shares during the last quarter. Principal Securities Inc. bought a new stake in Tortoise Energy Infrastructure during the fourth quarter worth $46,000. Finally, Eastern Bank acquired a new stake in Tortoise Energy Infrastructure in the fourth quarter valued at $124,000. 32.50% of the stock is owned by institutional investors.

Tortoise Energy Infrastructure Stock Up 0.9 %

Shares of Tortoise Energy Infrastructure stock traded up $0.37 during trading on Monday, hitting $39.87. 33,738 shares of the stock were exchanged, compared to its average volume of 60,162. The company has a fifty day moving average price of $41.24 and a 200-day moving average price of $42.73. Tortoise Energy Infrastructure Co. has a 1-year low of $30.73 and a 1-year high of $48.76.

Tortoise Energy Infrastructure Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th were paid a $0.365 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a yield of 10%.

Tortoise Energy Infrastructure Company 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.