Thomas J. Herzfeld Advisors Inc. Has $5.36 Million Position in Tortoise Energy Infrastructure Co. (NYSE:TYG)

Thomas J. Herzfeld Advisors Inc. boosted its holdings in Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) by 28.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 127,580 shares of the financial services provider's stock after acquiring an additional 28,526 shares during the quarter. Tortoise Energy Infrastructure accounts for about 1.7% of Thomas J. Herzfeld Advisors Inc.'s investment portfolio, making the stock its 17th biggest position. Thomas J. Herzfeld Advisors Inc. owned about 1.18% of Tortoise Energy Infrastructure worth $5,358,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Hartford Financial Management Inc. grew its stake in shares of Tortoise Energy Infrastructure by 37.5% in the 4th 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 period. JPMorgan Chase & Co. acquired a new stake in Tortoise Energy Infrastructure in the 4th quarter valued at $25,000. D.A. Davidson & CO. grew its position in Tortoise Energy Infrastructure by 6.0% in the third quarter. D.A. Davidson & CO. now owns 11,636 shares of the financial services provider's stock valued at $457,000 after acquiring an additional 661 shares during the period. Noble Wealth Management PBC acquired a new position in Tortoise Energy Infrastructure during the fourth quarter worth $30,000. Finally, DAVENPORT & Co LLC lifted its holdings in shares of 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 acquiring an additional 915 shares during the period. Institutional investors and hedge funds own 32.50% of the company's stock.

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Tortoise Energy Infrastructure Stock Up 0.3 %

Shares of NYSE:TYG traded up $0.13 on Wednesday, hitting $43.60. The stock had a trading volume of 67,136 shares, compared to its average volume of 55,549. The firm's 50 day moving average price is $43.96 and its 200-day moving average price is $42.89. Tortoise Energy Infrastructure Co. has a twelve month low of $29.54 and a twelve month high of $48.76.

Tortoise Energy Infrastructure Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th were paid a dividend of $0.365 per share. 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.