BB&T Securities LLC cut its stake in Tortoise Energy Infrastructure Corp. (NYSE:TYG) by 8.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,091 shares of the financial services provider’s stock after selling 11,197 shares during the quarter. BB&T Securities LLC owned approximately 0.22% of Tortoise Energy Infrastructure worth $3,204,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Hartford Financial Management Inc. purchased a new position in Tortoise Energy Infrastructure in the 2nd quarter valued at about $242,000. Private Trust Co. NA lifted its stake in Tortoise Energy Infrastructure by 25.3% in the 2nd quarter. Private Trust Co. NA now owns 10,264 shares of the financial services provider’s stock valued at $273,000 after buying an additional 2,075 shares in the last quarter. Staley Capital Advisers Inc. purchased a new position in Tortoise Energy Infrastructure in the 2nd quarter valued at about $301,000. BLB&B Advisors LLC purchased a new position in Tortoise Energy Infrastructure in the 2nd quarter valued at about $334,000. Finally, Bank of New York Mellon Corp purchased a new position in Tortoise Energy Infrastructure in the 2nd quarter valued at about $398,000. 29.91% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Tortoise Energy Infrastructure stock opened at $28.31 on Friday. Tortoise Energy Infrastructure Corp. has a twelve month low of $24.24 and a twelve month high of $32.40.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Friday, August 24th were issued a $0.655 dividend. The ex-dividend date of this dividend was Thursday, August 23rd. This represents a $2.62 dividend on an annualized basis and a yield of 9.25%.
Tortoise Energy Infrastructure Company Profile
There is no company description available for Tortoise Energy Infrastructure Corporation.
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