Hedge Funds Weigh In On Tortoise Energy Infrastructure
A number of institutional investors and hedge funds have recently modified their holdings of TYG. Allspring Global Investments Holdings LLC boosted its holdings in shares of Tortoise Energy Infrastructure by 72.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 529,470 shares of the financial services provider’s stock worth $15,857,000 after purchasing an additional 222,894 shares during the period. Sit Investment Associates Inc. boosted its holdings in shares of Tortoise Energy Infrastructure by 54.8% in the 1st quarter. Sit Investment Associates Inc. now owns 339,311 shares of the financial services provider’s stock worth $11,727,000 after purchasing an additional 120,149 shares during the period. Citadel Advisors LLC purchased a new position in shares of Tortoise Energy Infrastructure in the 3rd quarter worth approximately $2,061,000. Advisors Asset Management Inc. boosted its holdings in shares of Tortoise Energy Infrastructure by 45.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 152,537 shares of the financial services provider’s stock worth $4,512,000 after purchasing an additional 47,490 shares during the period. Finally, CSS LLC IL boosted its holdings in shares of Tortoise Energy Infrastructure by 47.9% in the 2nd quarter. CSS LLC IL now owns 93,422 shares of the financial services provider’s stock worth $2,763,000 after purchasing an additional 30,247 shares during the period. Hedge funds and other institutional investors own 32.31% of the company’s stock.
Tortoise Energy Infrastructure Stock Performance
NYSE:TYG traded up $0.88 during trading hours on Monday, reaching $32.95. The stock had a trading volume of 76,476 shares, compared to its average volume of 65,001. Tortoise Energy Infrastructure has a 52 week low of $25.76 and a 52 week high of $36.85. The company has a 50 day moving average price of $32.53 and a two-hundred day moving average price of $32.43.
Tortoise Energy Infrastructure Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 30th. Shareholders of record on Wednesday, November 23rd were paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 8.62%. The ex-dividend date of this dividend was Tuesday, November 22nd.
Tortoise Energy Infrastructure Company Profile
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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.
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