Bayshore Asset Management LLC Makes New Investment in Tortoise Energy Infrastructure Co. (NYSE:TYG)

Bayshore Asset Management LLC bought a new position in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 17,527 shares of the financial services provider’s stock, valued at approximately $688,000. Bayshore Asset Management LLC owned 0.16% of Tortoise Energy Infrastructure as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Tortoise Energy Infrastructure in the third quarter valued at approximately $82,000. Blue Bell Private Wealth Management LLC increased its holdings in Tortoise Energy Infrastructure by 27.9% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 2,934 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 640 shares in the last quarter. Carmichael Hill & Associates Inc. lifted its holdings in shares of Tortoise Energy Infrastructure by 9.4% in the second quarter. Carmichael Hill & Associates Inc. now owns 7,931 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 682 shares in the last quarter. Transcend Capital Advisors LLC acquired a new position in Tortoise Energy Infrastructure during the second quarter worth $320,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Tortoise Energy Infrastructure by 48.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,872 shares of the financial services provider’s stock valued at $379,000 after acquiring an additional 3,561 shares in the last quarter. 32.50% of the stock is currently owned by institutional investors.

Tortoise Energy Infrastructure Trading Up 0.6 %

Shares of Tortoise Energy Infrastructure stock opened at $41.00 on Tuesday. The business’s 50 day moving average is $37.99 and its 200-day moving average is $35.07. Tortoise Energy Infrastructure Co. has a 12-month low of $27.25 and a 12-month high of $41.46.

Tortoise Energy Infrastructure Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 23rd were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 7.61%. This is a boost from Tortoise Energy Infrastructure’s previous quarterly dividend of $0.71. The ex-dividend date was Friday, August 23rd.

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.