Parkside Financial Bank & Trust Cuts Stock Holdings in Tortoise Energy Infrastructure Corp. (NYSE:TYG)

Parkside Financial Bank & Trust decreased its stake in shares of Tortoise Energy Infrastructure Corp. (NYSE:TYG) by 4.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 224,646 shares of the financial services provider’s stock after selling 11,553 shares during the period. Tortoise Energy Infrastructure comprises about 1.5% of Parkside Financial Bank & Trust’s holdings, making the stock its 15th largest position. Parkside Financial Bank & Trust owned approximately 0.42% of Tortoise Energy Infrastructure worth $4,594,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Roble Belko & Company Inc boosted its position in shares of Tortoise Energy Infrastructure by 10.1% during the second quarter. Roble Belko & Company Inc now owns 289,543 shares of the financial services provider’s stock valued at $6,529,000 after buying an additional 26,444 shares during the last quarter. First Republic Investment Management Inc. lifted its holdings in Tortoise Energy Infrastructure by 2.4% during the second quarter. First Republic Investment Management Inc. now owns 280,235 shares of the financial services provider’s stock worth $6,319,000 after acquiring an additional 6,597 shares during the period. Bank of New York Mellon Corp lifted its holdings in Tortoise Energy Infrastructure by 7.1% during the second quarter. Bank of New York Mellon Corp now owns 14,354 shares of the financial services provider’s stock worth $324,000 after acquiring an additional 948 shares during the period. Kavar Capital Partners LLC lifted its holdings in Tortoise Energy Infrastructure by 6.0% during the second quarter. Kavar Capital Partners LLC now owns 26,571 shares of the financial services provider’s stock worth $599,000 after acquiring an additional 1,500 shares during the period. Finally, Old Port Advisors lifted its holdings in Tortoise Energy Infrastructure by 1.0% during the second quarter. Old Port Advisors now owns 114,602 shares of the financial services provider’s stock worth $2,598,000 after acquiring an additional 1,124 shares during the period. 30.44% of the stock is currently owned by institutional investors.

Tortoise Energy Infrastructure stock traded down $0.15 during mid-day trading on Friday, reaching $18.34. 502,104 shares of the company’s stock were exchanged, compared to its average volume of 198,273. The business’s fifty day simple moving average is $19.45 and its 200 day simple moving average is $21.54. Tortoise Energy Infrastructure Corp. has a one year low of $18.21 and a one year high of $25.47.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 22nd will be issued a dividend of $0.655 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.62 dividend on an annualized basis and a yield of 14.29%.

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.

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Institutional Ownership by Quarter for Tortoise Energy Infrastructure (NYSE:TYG)

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