20,575 Shares in Tortoise Energy Infrastructure Corporation $TYG Acquired by Investment Research Partners LLC

Investment Research Partners LLC bought a new position in Tortoise Energy Infrastructure Corporation (NYSE:TYG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 20,575 shares of the financial services provider’s stock, valued at approximately $842,000. Investment Research Partners LLC owned about 0.19% of Tortoise Energy Infrastructure at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TYG. Integrated Wealth Concepts LLC purchased a new stake in Tortoise Energy Infrastructure in the first quarter worth approximately $242,000. NewEdge Advisors LLC boosted its holdings in Tortoise Energy Infrastructure by 9.6% in the first quarter. NewEdge Advisors LLC now owns 5,723 shares of the financial services provider’s stock worth $246,000 after purchasing an additional 500 shares during the last quarter. Walleye Capital LLC purchased a new stake in Tortoise Energy Infrastructure in the second quarter worth approximately $203,000. Raymond James Financial Inc. boosted its holdings in Tortoise Energy Infrastructure by 14.1% in the second quarter. Raymond James Financial Inc. now owns 293,042 shares of the financial services provider’s stock worth $12,862,000 after purchasing an additional 36,313 shares during the last quarter. Finally, MGB Wealth Management LLC boosted its holdings in Tortoise Energy Infrastructure by 2.6% in the second quarter. MGB Wealth Management LLC now owns 23,896 shares of the financial services provider’s stock worth $1,049,000 after purchasing an additional 601 shares during the last quarter. Hedge funds and other institutional investors own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Stock Performance

Shares of TYG stock opened at $42.62 on Friday. Tortoise Energy Infrastructure Corporation has a 12-month low of $40.35 and a 12-month high of $51.18. The firm’s 50 day moving average is $46.50 and its 200 day moving average is $45.72.

Tortoise Energy Infrastructure Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a dividend of $0.475 per share. This represents a c) annualized dividend and a dividend yield of 13.4%. The ex-dividend date 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.