Sit Investment Associates Inc. Acquires 58,938 Shares of Tortoise Energy Infrastructure Co. (NYSE:TYG)

Sit Investment Associates Inc. grew its holdings in Tortoise Energy Infrastructure Co. (NYSE:TYG) by 44.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 190,690 shares of the financial services provider’s stock after acquiring an additional 58,938 shares during the period. Sit Investment Associates Inc.’s holdings in Tortoise Energy Infrastructure were worth $8,009,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Hartford Financial Management Inc. raised its holdings in Tortoise Energy Infrastructure by 37.5% in the 4th quarter. Hartford Financial Management Inc. now owns 803 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 219 shares during the period. JPMorgan Chase & Co. purchased a new stake in Tortoise Energy Infrastructure in the fourth quarter worth about $25,000. Noble Wealth Management PBC bought a new position in shares of Tortoise Energy Infrastructure in the fourth quarter worth about $30,000. DAVENPORT & Co LLC raised its stake in shares of Tortoise Energy Infrastructure by 13.6% in the fourth quarter. DAVENPORT & Co LLC now owns 7,622 shares of the financial services provider’s stock worth $320,000 after buying an additional 915 shares during the period. Finally, Principal Securities Inc. bought a new position in shares of Tortoise Energy Infrastructure during the 4th quarter valued at approximately $46,000. Hedge funds and other institutional investors own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Stock Performance

NYSE TYG opened at $37.90 on Friday. Tortoise Energy Infrastructure Co. has a 12 month low of $29.54 and a 12 month high of $48.76. The company’s 50 day moving average is $43.66 and its two-hundred day moving average is $42.88.

Tortoise Energy Infrastructure Announces Dividend

The company also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 25th were paid a dividend of $0.365 per share. This represents a dividend yield of 10%. The ex-dividend date 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.