Bank of America Corp DE boosted its position in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG – Free Report) by 56.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,617 shares of the financial services provider’s stock after purchasing an additional 22,156 shares during the quarter. Bank of America Corp DE owned 0.57% of Tortoise Energy Infrastructure worth $2,588,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of TYG. Almitas Capital LLC bought a new position in shares of Tortoise Energy Infrastructure during the fourth quarter worth $10,444,000. Wells Fargo & Company MN raised its stake in Tortoise Energy Infrastructure by 1,713.7% during the 4th quarter. Wells Fargo & Company MN now owns 222,159 shares of the financial services provider’s stock worth $9,331,000 after buying an additional 209,910 shares during the period. Raymond James Financial Inc. acquired a new stake in Tortoise Energy Infrastructure during the 4th quarter worth $7,158,000. Aristides Capital LLC lifted its holdings in Tortoise Energy Infrastructure by 128.7% during the fourth quarter. Aristides Capital LLC now owns 269,253 shares of the financial services provider’s stock worth $11,309,000 after acquiring an additional 151,510 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in Tortoise Energy Infrastructure by 53.8% in the fourth quarter. Advisors Asset Management Inc. now owns 386,221 shares of the financial services provider’s stock valued at $16,221,000 after acquiring an additional 135,146 shares during the period. Institutional investors own 32.50% of the company’s stock.
Tortoise Energy Infrastructure Stock Performance
Shares of Tortoise Energy Infrastructure stock opened at $40.38 on Monday. Tortoise Energy Infrastructure Co. has a 1 year low of $32.60 and a 1 year high of $48.76. The business has a 50-day moving average of $39.92 and a two-hundred day moving average of $42.62.
Tortoise Energy Infrastructure Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 22nd will be given a $0.365 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $4.38 annualized dividend and a dividend yield of 10.85%.
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.
Further Reading
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Source: defenseworld.net
