Commonwealth Equity Services LLC Acquires 1,311 Shares of Tortoise Energy Infrastructure Co. (NYSE:TYG)

Commonwealth Equity Services LLC raised its holdings in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) by 4.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,982 shares of the financial services provider’s stock after purchasing an additional 1,311 shares during the period. Commonwealth Equity Services LLC owned 0.25% of Tortoise Energy Infrastructure worth $891,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Eudaimonia Partners LLC raised its position in Tortoise Energy Infrastructure by 200.0% during the 1st quarter. Eudaimonia Partners LLC now owns 2,155 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 4,310 shares during the last quarter. Carmichael Hill & Associates Inc. raised its position in Tortoise Energy Infrastructure by 13.3% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 5,431 shares of the financial services provider’s stock valued at $156,000 after purchasing an additional 639 shares during the last quarter. Northeast Financial Consultants Inc bought a new position in Tortoise Energy Infrastructure during the 1st quarter valued at approximately $205,000. HighTower Advisors LLC bought a new position in shares of Tortoise Energy Infrastructure in the 2nd quarter worth approximately $315,000. Finally, Sit Investment Associates Inc. raised its position in shares of Tortoise Energy Infrastructure by 81.2% in the 1st quarter. Sit Investment Associates Inc. now owns 11,830 shares of the financial services provider’s stock worth $289,000 after acquiring an additional 5,300 shares in the last quarter. 27.97% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:TYG opened at $29.59 on Thursday. Tortoise Energy Infrastructure Co. has a 52-week low of $14.58 and a 52-week high of $31.11. The stock has a 50 day moving average price of $27.14 and a 200-day moving average price of $27.11.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 31st. Stockholders of record on Tuesday, August 24th were given a $0.365 dividend. The ex-dividend date was Monday, August 23rd. This represents a $1.46 annualized dividend and a dividend yield of 4.93%. This is a positive change from Tortoise Energy Infrastructure’s previous quarterly dividend of $0.34.

About Tortoise Energy Infrastructure

Tortoise Energy Infrastructure Corp. operates as a mutual fund closed-end investment trust. The company owns a portfolio of master limited partnership investments in the energy infrastructure sector. Its objective is to provide its stockholders a high level of total return with an emphasis on current distributions.

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Institutional Ownership by Quarter for Tortoise Energy Infrastructure (NYSE:TYG)

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