United Capital Financial Advisors LLC Takes Position in Tortoise Energy Infrastructure Corporation $TYG

United Capital Financial Advisors LLC acquired a new position in shares of Tortoise Energy Infrastructure Corporation (NYSE:TYG) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 21,400 shares of the financial services provider’s stock, valued at approximately $917,000. United Capital Financial Advisors LLC owned approximately 0.08% of Tortoise Energy Infrastructure as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in TYG. Almitas Capital LLC purchased a new position in Tortoise Energy Infrastructure in the second quarter worth approximately $6,939,000. Corient Private Wealth LP purchased a new stake in shares of Tortoise Energy Infrastructure in the 2nd quarter valued at approximately $687,000. Bank of America Corp DE purchased a new stake in shares of Tortoise Energy Infrastructure in the 2nd quarter valued at approximately $2,616,000. North Ground Capital acquired a new stake in shares of Tortoise Energy Infrastructure in the 2nd quarter valued at $1,920,576. Finally, Commerce Bank acquired a new stake in shares of Tortoise Energy Infrastructure in the 2nd quarter valued at $2,951,000. 32.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tortoise Energy Infrastructure

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 stock was bought at an average cost of $42.24 per share, with a total value of $173,479.68. Following the acquisition, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.09% of the stock is owned by company insiders.

Tortoise Energy Infrastructure Stock Down 0.1%

Tortoise Energy Infrastructure stock opened at $43.45 on Monday. The company has a fifty day simple moving average of $43.35 and a 200-day simple moving average of $45.87. Tortoise Energy Infrastructure Corporation has a 12-month low of $40.35 and a 12-month high of $51.18.

Tortoise Energy Infrastructure Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 23rd will be paid a $0.475 dividend. The ex-dividend date is Monday, November 23rd. This represents a c) dividend on an annualized basis and a yield of 13.1%.

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.