Tortoise Energy Infrastructure Corp. (TYG) VP Purchases $20,688.00 in Stock

Tortoise Energy Infrastructure Corp. (NYSE:TYG) VP Nicholas Scott Holmes acquired 800 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were acquired at an average cost of $25.86 per share, with a total value of $20,688.00. Following the transaction, the vice president now directly owns 1,550 shares in the company, valued at approximately $40,083. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Tortoise Energy Infrastructure Corp. (NYSE TYG) traded up $0.39 during midday trading on Monday, hitting $26.25. The company had a trading volume of 317,100 shares, compared to its average volume of 181,149. Tortoise Energy Infrastructure Corp. has a fifty-two week low of $24.30 and a fifty-two week high of $37.11.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 22nd were issued a $0.655 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $2.62 annualized dividend and a yield of 9.98%.

Institutional investors have recently bought and sold shares of the business. Uniplan Investment Counsel Inc. raised its holdings in Tortoise Energy Infrastructure by 9.2% in the 2nd quarter. Uniplan Investment Counsel Inc. now owns 929,294 shares of the financial services provider’s stock valued at $28,241,000 after acquiring an additional 78,354 shares in the last quarter. Amussen Hunsaker & Associates LLC acquired a new position in Tortoise Energy Infrastructure in the 2nd quarter valued at approximately $2,076,000. HighTower Advisors LLC raised its holdings in Tortoise Energy Infrastructure by 20.6% in the 2nd quarter. HighTower Advisors LLC now owns 83,219 shares of the financial services provider’s stock valued at $2,513,000 after acquiring an additional 14,237 shares in the last quarter. Cadence Bank NA acquired a new position in Tortoise Energy Infrastructure in the 3rd quarter valued at approximately $366,000. Finally, Allen Investment Management LLC raised its holdings in Tortoise Energy Infrastructure by 3.6% in the 2nd quarter. Allen Investment Management LLC now owns 86,187 shares of the financial services provider’s stock valued at $2,619,000 after acquiring an additional 3,035 shares in the last quarter. 30.08% of the stock is owned by hedge funds and other institutional investors.

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Tortoise Energy Infrastructure Company Profile

Tortoise Energy Infrastructure Corporation (the Fund) is a non-diversified, closed-end management investment company. The Fund seeks a high level of total return with a focus on current distributions paid to stockholders. The Fund invests primarily in equity securities of master limited partnerships (MLPs) and their affiliates that transport, gather, process or store natural gas, natural gas liquids (NGLs), crude oil and refined petroleum products.

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