Bard Associates Inc. Buys Shares of 9,066 Tortoise Energy Infrastructure Co. (NYSE:TYG)

Bard Associates Inc. purchased a new position in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,066 shares of the financial services provider’s stock, valued at approximately $356,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Tortoise Energy Infrastructure during the third quarter valued at approximately $82,000. Blue Bell Private Wealth Management LLC boosted its holdings in shares of Tortoise Energy Infrastructure by 27.9% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 2,934 shares of the financial services provider’s stock valued at $102,000 after buying an additional 640 shares during the last quarter. Carmichael Hill & Associates Inc. grew its stake 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 buying 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 raised its position in Tortoise Energy Infrastructure by 48.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 10,872 shares of the financial services provider’s stock worth $379,000 after acquiring an additional 3,561 shares in the last quarter. 32.50% of the stock is currently owned by institutional investors and hedge funds.

Tortoise Energy Infrastructure Price Performance

Shares of TYG opened at $42.83 on Friday. The firm has a 50-day moving average of $39.94 and a 200-day moving average of $36.35. Tortoise Energy Infrastructure Co. has a one year low of $27.44 and a one year high of $43.90.

Tortoise Energy Infrastructure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 7.28%. The ex-dividend date is Friday, November 22nd.

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.