Sit Investment Associates Inc. Has $8.01 Million Stake in Tortoise Energy Infrastructure Co. (NYSE:TYG)

Sit Investment Associates Inc. grew its holdings in Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) by 44.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 190,690 shares of the financial services provider's stock after purchasing an additional 58,938 shares during the quarter. Sit Investment Associates Inc. owned about 1.77% of Tortoise Energy Infrastructure worth $8,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Kercheville Advisors LLC bought a new position in shares of Tortoise Energy Infrastructure during the 4th quarter worth approximately $480,000. Financial Advocates Investment Management boosted its stake in Tortoise Energy Infrastructure by 337.1% during the fourth quarter. Financial Advocates Investment Management now owns 31,059 shares of the financial services provider's stock worth $1,304,000 after acquiring an additional 23,953 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Tortoise Energy Infrastructure by 625.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,192 shares of the financial services provider's stock worth $512,000 after purchasing an additional 10,512 shares during the period. Janney Montgomery Scott LLC increased its stake in Tortoise Energy Infrastructure by 39.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 31,715 shares of the financial services provider's stock valued at $1,332,000 after purchasing an additional 9,007 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in shares of Tortoise Energy Infrastructure by 58.6% during the third quarter. Sanctuary Advisors LLC now owns 21,347 shares of the financial services provider's stock valued at $838,000 after purchasing an additional 7,891 shares during the period. Institutional investors own 32.50% of the company's stock.

Tortoise Energy Infrastructure Price Performance

Shares of TYG stock traded down $0.11 on Friday, reaching $36.47. 54,735 shares of the company were exchanged, compared to its average volume of 58,726. Tortoise Energy Infrastructure Co. has a one year low of $29.54 and a one 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 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 was Monday, March 24th. This represents a yield of 10%.

About Tortoise Energy Infrastructure

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.