Janney Montgomery Scott LLC Has $4.31 Million Stock Holdings in Tortoise Energy Infrastructure Corporation $TYG

Janney Montgomery Scott LLC grew its position in Tortoise Energy Infrastructure Corporation (NYSE:TYG) by 17.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,439 shares of the financial services provider’s stock after purchasing an additional 13,060 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.41% of Tortoise Energy Infrastructure worth $4,309,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Comerica Bank grew its stake in Tortoise Energy Infrastructure by 27.8% in the 4th quarter. Comerica Bank now owns 1,111 shares of the financial services provider’s stock valued at $45,000 after buying an additional 242 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Tortoise Energy Infrastructure by 42.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,000 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 300 shares during the last quarter. Cahill Financial Advisors Inc. boosted its holdings in Tortoise Energy Infrastructure by 1.6% during the fourth quarter. Cahill Financial Advisors Inc. now owns 21,119 shares of the financial services provider’s stock valued at $864,000 after acquiring an additional 323 shares during the period. Diversified Trust Co. boosted its holdings in Tortoise Energy Infrastructure by 4.1% during the fourth quarter. Diversified Trust Co. now owns 9,106 shares of the financial services provider’s stock valued at $372,000 after acquiring an additional 355 shares during the period. Finally, Benjamin Edwards Inc. grew its position in shares of Tortoise Energy Infrastructure by 5.1% in the second quarter. Benjamin Edwards Inc. now owns 7,295 shares of the financial services provider’s stock valued at $320,000 after purchasing an additional 355 shares during the last quarter. 32.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tortoise Energy Infrastructure

In other Tortoise Energy Infrastructure news, Director Conrad S. Ciccotello acquired 4,107 shares of Tortoise Energy Infrastructure stock in a transaction dated Thursday, June 25th. The stock was bought at an average cost of $42.24 per share, with a total value of $173,479.68. Following the completion of the transaction, the director owned 16,225 shares of the company’s stock, valued at $685,344. The trade was a 33.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Tortoise Energy Infrastructure Price Performance

NYSE TYG opened at $42.74 on Monday. The stock has a 50-day simple moving average of $44.92 and a 200 day simple moving average of $45.70. Tortoise Energy Infrastructure Corporation has a twelve month low of $40.35 and a twelve month high of $51.18.

Tortoise Energy Infrastructure Dividend Announcement

The firm 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 $0.475 dividend. This represents a c) annualized dividend and a yield of 13.3%. The ex-dividend date of this dividend is Monday, August 24th.

About Tortoise Energy Infrastructure

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.