14,388 Shares in Tortoise Energy Infrastructure Corporation $TYG Bought by Concorde Asset Management LLC

Concorde Asset Management LLC acquired a new position in shares of Tortoise Energy Infrastructure Corporation (NYSE:TYG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,388 shares of the financial services provider’s stock, valued at approximately $617,000.

A number of other large investors have also made changes to their positions in TYG. Integrated Wealth Concepts LLC bought a new stake in shares of Tortoise Energy Infrastructure in the first quarter valued at about $242,000. NewEdge Advisors LLC increased its stake in Tortoise Energy Infrastructure by 9.6% during the first quarter. NewEdge Advisors LLC now owns 5,723 shares of the financial services provider’s stock valued at $246,000 after acquiring an additional 500 shares during the period. Walleye Capital LLC acquired a new position in Tortoise Energy Infrastructure in the 2nd quarter valued at approximately $203,000. Raymond James Financial Inc. raised its holdings in Tortoise Energy Infrastructure by 14.1% in the 2nd quarter. Raymond James Financial Inc. now owns 293,042 shares of the financial services provider’s stock valued at $12,862,000 after acquiring an additional 36,313 shares in the last quarter. Finally, MGB Wealth Management LLC lifted its position in shares of Tortoise Energy Infrastructure by 2.6% in the 2nd quarter. MGB Wealth Management LLC now owns 23,896 shares of the financial services provider’s stock worth $1,049,000 after acquiring an additional 601 shares during the period. Institutional investors and hedge funds own 32.50% of the company’s stock.

Insider Buying and Selling

In other Tortoise Energy Infrastructure news, Director Conrad S. Ciccotello purchased 4,107 shares of the firm’s stock in a transaction on Thursday, June 25th. The shares were purchased at an average price of $42.24 per share, for a total transaction of $173,479.68. Following the completion of the purchase, the director directly owned 16,225 shares of the company’s stock, valued at approximately $685,344. This represents 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. 0.09% of the stock is currently owned by company insiders.

Tortoise Energy Infrastructure Price Performance

Shares of NYSE:TYG opened at $43.34 on Friday. Tortoise Energy Infrastructure Corporation has a 1-year low of $40.35 and a 1-year high of $51.18. The business’s 50 day moving average is $43.33 and its 200-day moving average is $45.89.

Tortoise Energy Infrastructure Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 23rd will be given a $0.475 dividend. This represents a c) annualized dividend and a yield of 13.2%. The ex-dividend date of this dividend is Monday, November 23rd.

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.