A. D. Beadell Investment Counsel Inc. Sells 1,000 Shares of Tortoise Energy Infrastructure Corp. (TYG)

A. D. Beadell Investment Counsel Inc. reduced its stake in shares of Tortoise Energy Infrastructure Corp. (NYSE:TYG) by 8.9% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 10,181 shares of the financial services provider’s stock after selling 1,000 shares during the period. A. D. Beadell Investment Counsel Inc.’s holdings in Tortoise Energy Infrastructure Corp. were worth $355,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of TYG. Sii Investments Inc. WI boosted its position in shares of Tortoise Energy Infrastructure Corp. by 0.3% in the fourth quarter. Sii Investments Inc. WI now owns 16,012 shares of the financial services provider’s stock valued at $492,000 after buying an additional 45 shares during the period. Financial Advisory Service Inc. boosted its position in shares of Tortoise Energy Infrastructure Corp. by 0.5% in the third quarter. Financial Advisory Service Inc. now owns 9,401 shares of the financial services provider’s stock valued at $289,000 after buying an additional 47 shares during the period. First Allied Advisory Services Inc. boosted its position in shares of Tortoise Energy Infrastructure Corp. by 1.0% in the fourth quarter. First Allied Advisory Services Inc. now owns 15,111 shares of the financial services provider’s stock valued at $464,000 after buying an additional 143 shares during the period. Advisor Group Inc. boosted its position in shares of Tortoise Energy Infrastructure Corp. by 4.8% in the third quarter. Advisor Group Inc. now owns 3,571 shares of the financial services provider’s stock valued at $111,000 after buying an additional 162 shares during the period. Finally, Hillview Capital Advisors LLC boosted its position in shares of Tortoise Energy Infrastructure Corp. by 1.0% in the third quarter. Hillview Capital Advisors LLC now owns 31,016 shares of the financial services provider’s stock valued at $954,000 after buying an additional 297 shares during the period. Hedge funds and other institutional investors own 29.57% of the company’s stock.

Institutional Ownership by Quarter for Tortoise Energy Infrastructure Corp. (NYSE:TYG)

Shares of Tortoise Energy Infrastructure Corp. (NYSE:TYG) traded up 0.09% during trading on Friday, reaching $34.28. The company had a trading volume of 81,752 shares. The stock has a 50 day moving average of $33.58 and a 200 day moving average of $32.03. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 15.80 and a beta of 1.25. Tortoise Energy Infrastructure Corp. has a 52-week low of $27.24 and a 52-week high of $37.11.

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Separately, Stifel Nicolaus cut Tortoise Energy Infrastructure Corp. from a “buy” rating to a “hold” rating and set a $35.00 price target on the stock. in a research report on Wednesday, March 8th.

Tortoise Energy Infrastructure Corp. Company Profile

Tortoise Energy Infrastructure Corporation (the Fund) is a non-diversified, closed-end management investment company. The Fund seeks a high level of total return with a focus on current distributions paid to stockholders. The Fund invests primarily in equity securities of master limited partnerships (MLPs) and their affiliates that transport, gather, process or store natural gas, natural gas liquids (NGLs), crude oil and refined petroleum products.

5 Day Chart for NYSE:TYG

Want to see what other hedge funds are holding TYG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tortoise Energy Infrastructure Corp. (NYSE:TYG).

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