Tortoise Energy Infrastructure Corporation $TYG Shares Purchased by Bard Associates Inc.

Bard Associates Inc. increased its position in shares of Tortoise Energy Infrastructure Corporation (NYSE:TYG) by 71.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 195,725 shares of the financial services provider’s stock after purchasing an additional 81,306 shares during the quarter. Tortoise Energy Infrastructure accounts for 2.1% of Bard Associates Inc.’s investment portfolio, making the stock its 11th biggest holding. Bard Associates Inc. owned approximately 1.82% of Tortoise Energy Infrastructure worth $8,005,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust raised its holdings in Tortoise Energy Infrastructure by 42.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,000 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 300 shares during the last quarter. Comerica Bank raised its holdings in Tortoise Energy Infrastructure by 27.8% during the fourth quarter. Comerica Bank now owns 1,111 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 242 shares during the last quarter. Hartford Financial Management Inc. raised its holdings in Tortoise Energy Infrastructure by 49.2% during the fourth quarter. Hartford Financial Management Inc. now owns 1,244 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 410 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Tortoise Energy Infrastructure by 600.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,100 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 1,800 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in Tortoise Energy Infrastructure by 31.7% during the third quarter. CIBC Private Wealth Group LLC now owns 3,826 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 921 shares during the last quarter. 32.50% of the stock is owned by institutional investors and hedge funds.

Tortoise Energy Infrastructure Stock Up 0.5%

Shares of TYG stock opened at $42.77 on Friday. The stock has a fifty day moving average price of $46.43 and a 200 day moving average price of $45.70. Tortoise Energy Infrastructure Corporation has a 1 year low of $40.35 and a 1 year high of $51.18.

Tortoise Energy Infrastructure Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) annualized dividend and a yield of 13.3%.

Tortoise Energy Infrastructure 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.