Insider Buying: Tortoise Energy Infrastructure Corp. (TYG) VP Purchases $20,688.00 in Stock

Tortoise Energy Infrastructure Corp. (NYSE:TYG) VP Nicholas Scott Holmes bought 800 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were acquired at an average cost of $25.86 per share, with a total value of $20,688.00. Following the completion of the purchase, the vice president now owns 1,550 shares of the company’s stock, valued at $40,083. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Tortoise Energy Infrastructure Corp. (NYSE:TYG) traded up $0.11 during mid-day trading on Thursday, reaching $25.13. 513,501 shares of the company traded hands, compared to its average volume of 183,860. Tortoise Energy Infrastructure Corp. has a fifty-two week low of $24.30 and a fifty-two week high of $37.11.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Wednesday, November 22nd were paid a dividend of $0.655 per share. This represents a $2.62 annualized dividend and a yield of 10.43%. The ex-dividend date was Tuesday, November 21st.

A number of hedge funds have recently added to or reduced their stakes in TYG. Janney Montgomery Scott LLC lifted its stake in Tortoise Energy Infrastructure by 3.9% during the second quarter. Janney Montgomery Scott LLC now owns 27,425 shares of the financial services provider’s stock valued at $833,000 after purchasing an additional 1,023 shares during the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of Tortoise Energy Infrastructure by 258.5% during the second quarter. Chicago Partners Investment Group LLC now owns 6,539 shares of the financial services provider’s stock valued at $200,000 after acquiring an additional 4,715 shares during the period. Crescent Grove Advisors LLC acquired a new stake in shares of Tortoise Energy Infrastructure during the second quarter valued at approximately $3,707,000. UMB Bank N A MO raised its holdings in shares of Tortoise Energy Infrastructure by 7.2% during the second quarter. UMB Bank N A MO now owns 535,566 shares of the financial services provider’s stock valued at $16,276,000 after acquiring an additional 35,901 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in shares of Tortoise Energy Infrastructure by 4.0% during the second quarter. Advisors Asset Management Inc. now owns 323,639 shares of the financial services provider’s stock valued at $9,835,000 after acquiring an additional 12,454 shares during the period. 30.08% of the stock is owned by institutional investors and hedge funds.

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About Tortoise Energy Infrastructure

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.

Insider Buying and Selling by Quarter for Tortoise Energy Infrastructure (NYSE:TYG)

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