LPL Financial LLC Sells 9,012 Shares of Tortoise Energy Infrastructure Co. (NYSE:TYG)

LPL Financial LLC lessened its holdings in Tortoise Energy Infrastructure Co. (NYSE:TYG - Free Report) by 12.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,148 shares of the financial services provider's stock after selling 9,012 shares during the period. LPL Financial LLC owned approximately 0.59% of Tortoise Energy Infrastructure worth $2,652,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TYG. Raymond James Financial Inc. purchased a new stake in Tortoise Energy Infrastructure during the 4th quarter valued at $7,158,000. Advisors Asset Management Inc. lifted its holdings in shares of Tortoise Energy Infrastructure by 53.8% in the 4th quarter. Advisors Asset Management Inc. now owns 386,221 shares of the financial services provider's stock worth $16,221,000 after acquiring an additional 135,146 shares during the last quarter. Meixler Investment Management Ltd. purchased a new position in shares of Tortoise Energy Infrastructure during the 4th quarter worth about $5,151,000. HighTower Advisors LLC purchased a new stake in Tortoise Energy Infrastructure in the 4th quarter worth about $2,416,000. Finally, Financial Advocates Investment Management lifted its stake in Tortoise Energy Infrastructure by 337.1% in the fourth quarter. Financial Advocates Investment Management now owns 31,059 shares of the financial services provider's stock worth $1,304,000 after purchasing an additional 23,953 shares during the last quarter. Institutional investors own 32.50% of the company's stock.

Tortoise Energy Infrastructure Trading Up 1.8 %

Shares of TYG traded up $0.72 during mid-day trading on Thursday, reaching $39.76. 72,854 shares of the company's stock traded hands, compared to its average volume of 112,723. Tortoise Energy Infrastructure Co. has a 12 month low of $30.23 and a 12 month high of $48.76. The stock's 50-day moving average is $42.08 and its two-hundred day moving average is $42.76.

Tortoise Energy Infrastructure Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th were given a dividend of $0.365 per share. The ex-dividend date was Monday, March 24th. This represents a dividend 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.