Tortoise Energy Infrastructure Co. (NYSE:TYG) Shares Acquired by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC boosted its position in Tortoise Energy Infrastructure Co. (NYSE:TYG) by 37.4% in the 1st quarter, Holdings Channel reports. The firm owned 11,729 shares of the financial services provider’s stock after acquiring an additional 3,192 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Tortoise Energy Infrastructure were worth $363,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TYG. Mutual Advisors LLC acquired a new position in Tortoise Energy Infrastructure in the 4th quarter valued at $650,000. Baystate Wealth Management LLC acquired a new position in Tortoise Energy Infrastructure in the 4th quarter valued at $27,000. Eagle Bluffs Wealth Management LLC grew its holdings in Tortoise Energy Infrastructure by 6.6% in the 4th quarter. Eagle Bluffs Wealth Management LLC now owns 93,625 shares of the financial services provider’s stock valued at $2,694,000 after buying an additional 5,776 shares in the last quarter. John G Ullman & Associates Inc. grew its holdings in Tortoise Energy Infrastructure by 32.0% in the 4th quarter. John G Ullman & Associates Inc. now owns 10,035 shares of the financial services provider’s stock valued at $289,000 after buying an additional 2,435 shares in the last quarter. Finally, Wolverine Asset Management LLC purchased a new stake in Tortoise Energy Infrastructure in the 4th quarter valued at $1,070,000. 32.50% of the stock is owned by institutional investors and hedge funds.

Tortoise Energy Infrastructure Stock Performance

Shares of NYSE:TYG opened at $35.28 on Thursday. The business has a fifty day moving average of $33.18 and a two-hundred day moving average of $30.83. Tortoise Energy Infrastructure Co. has a 52-week low of $26.77 and a 52-week high of $35.32.

Tortoise Energy Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 24th were issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 8.05%. The ex-dividend date of this dividend was Thursday, May 23rd.

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.