Tortoise Energy Infrastructure Co. (NYSE:TYG) Shares Purchased by Thomas J. Herzfeld Advisors Inc.

Thomas J. Herzfeld Advisors Inc. boosted its holdings in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) by 28.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 127,580 shares of the financial services provider’s stock after buying an additional 28,526 shares during the quarter. Tortoise Energy Infrastructure comprises about 1.7% of Thomas J. Herzfeld Advisors Inc.’s investment portfolio, making the stock its 17th biggest holding. Thomas J. Herzfeld Advisors Inc.’s holdings in Tortoise Energy Infrastructure were worth $5,358,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of Tortoise Energy Infrastructure during the 4th quarter worth approximately $7,158,000. Advisors Asset Management Inc. grew its holdings in Tortoise Energy Infrastructure by 53.8% during the 4th quarter. Advisors Asset Management Inc. now owns 386,221 shares of the financial services provider’s stock valued at $16,221,000 after buying an additional 135,146 shares during the last quarter. Meixler Investment Management Ltd. purchased a new position in Tortoise Energy Infrastructure during the fourth quarter worth $5,151,000. HighTower Advisors LLC purchased a new position in Tortoise Energy Infrastructure during the fourth quarter worth $2,416,000. Finally, Financial Advocates Investment Management lifted its position in shares of 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 valued at $1,304,000 after acquiring an additional 23,953 shares in the last quarter. Hedge funds and other institutional investors own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Stock Down 0.5 %

TYG opened at $43.02 on Tuesday. The business’s fifty day simple moving average is $44.14 and its 200 day simple moving average is $42.83. Tortoise Energy Infrastructure Co. has a 52 week low of $29.54 and a 52 week high of $48.76.

Tortoise Energy Infrastructure Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th were given a $0.365 dividend. This represents a dividend yield of 10%. The ex-dividend date of this dividend was Monday, March 24th.

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.