Penserra Capital Management LLC Purchases 25,478 Shares of Tortoise Energy Infrastructure Corporation $TYG

Penserra Capital Management LLC lifted its position in shares of Tortoise Energy Infrastructure Corporation (NYSE:TYG) by 21.5% in the 3rd quarter, Holdings Channel reports. The fund owned 144,252 shares of the financial services provider’s stock after buying an additional 25,478 shares during the quarter. Penserra Capital Management LLC’s holdings in Tortoise Energy Infrastructure were worth $6,215,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new position in shares of Tortoise Energy Infrastructure in the first quarter worth about $242,000. NewEdge Advisors LLC boosted its holdings in Tortoise Energy Infrastructure by 9.6% in the 1st quarter. NewEdge Advisors LLC now owns 5,723 shares of the financial services provider’s stock worth $246,000 after buying an additional 500 shares during the period. Janney Montgomery Scott LLC grew its stake in Tortoise Energy Infrastructure by 5.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 34,506 shares of the financial services provider’s stock valued at $1,515,000 after buying an additional 1,908 shares in the last quarter. Next Capital Management LLC bought a new stake in Tortoise Energy Infrastructure during the 2nd quarter valued at $429,000. Finally, Samalin Investment Counsel LLC lifted its position in shares of Tortoise Energy Infrastructure by 3.1% during the second quarter. Samalin Investment Counsel LLC now owns 13,080 shares of the financial services provider’s stock worth $574,000 after acquiring an additional 396 shares in the last quarter. 32.50% of the stock is currently owned by institutional investors.

Tortoise Energy Infrastructure Stock Down 0.2%

TYG stock opened at $44.35 on Friday. The stock has a 50-day simple moving average of $42.74 and a two-hundred day simple moving average of $42.89. Tortoise Energy Infrastructure Corporation has a twelve month low of $33.73 and a twelve month high of $46.69.

Tortoise Energy Infrastructure Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be issued a $0.475 dividend. This represents a c) annualized dividend and a yield of 12.9%. The ex-dividend date of this dividend is Friday, February 20th.

Insider Activity at Tortoise Energy Infrastructure

In other news, Director Andrew J. Iseman purchased 3,000 shares of Tortoise Energy Infrastructure stock in a transaction dated Wednesday, November 12th. The stock was purchased at an average cost of $46.83 per share, for a total transaction of $140,490.00. Following the transaction, the director directly owned 3,000 shares of the company’s stock, valued at approximately $140,490. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.

Tortoise Energy Infrastructure Company Profile

Tortoise Energy Infrastructure Corp. (NYSE: TYG) is a closed-end management investment company that focuses on investing in energy infrastructure companies. Organized as a business development company under the Investment Company Act of 1940, it primarily acquires and manages a diversified portfolio of debt and equity securities issued by publicly traded and private energy infrastructure businesses. The company seeks to generate current income and long-term capital appreciation through selective investments across the energy value chain.

The firm’s investment strategy emphasizes midstream infrastructure, including pipeline transportation, storage, processing facilities, and terminals.