Hartford Financial Management Inc. Increases Position in Tortoise Energy Infrastructure Corp. (NYSE:TYG)

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Hartford Financial Management Inc. increased its stake in Tortoise Energy Infrastructure Corp. (NYSE:TYG) by 16.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,289 shares of the financial services provider’s stock after purchasing an additional 1,318 shares during the quarter. Hartford Financial Management Inc.’s holdings in Tortoise Energy Infrastructure were worth $209,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TYG. Advisor Group Inc. boosted its holdings in shares of Tortoise Energy Infrastructure by 13.2% during the second quarter. Advisor Group Inc. now owns 15,610 shares of the financial services provider’s stock valued at $351,000 after acquiring an additional 1,824 shares during the period. Carmichael Hill & Associates Inc. acquired a new position in shares of Tortoise Energy Infrastructure during the second quarter valued at $208,000. Fiduciary Financial Services of The Southwest Inc. TX boosted its holdings in shares of Tortoise Energy Infrastructure by 1.3% during the second quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 46,530 shares of the financial services provider’s stock valued at $1,049,000 after acquiring an additional 599 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in shares of Tortoise Energy Infrastructure during the second quarter valued at $179,000. Finally, Penbrook Management LLC boosted its holdings in shares of Tortoise Energy Infrastructure by 5.3% during the second quarter. Penbrook Management LLC now owns 18,000 shares of the financial services provider’s stock valued at $406,000 after acquiring an additional 900 shares during the period. Institutional investors and hedge funds own 29.98% of the company’s stock.

Shares of TYG opened at $21.52 on Wednesday. Tortoise Energy Infrastructure Corp. has a 1 year low of $18.36 and a 1 year high of $29.81. The company’s fifty day moving average price is $22.50.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 23rd will be issued a dividend of $0.655 per share. This represents a $2.62 annualized dividend and a dividend yield of 12.17%. The ex-dividend date of this dividend is Thursday, August 22nd.

About Tortoise Energy Infrastructure

Tortoise Energy Infrastructure Corporation is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors LLC The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating in the energy infrastructure sector, with an emphasis on those companies that are engaged in transporting, processing, storing, distributing or marketing natural gas, natural gas liquids (primarily propane), coal, crude oil or refined petroleum products, or exploring, developing, managing or producing such commodities.

Further Reading: How is a buy-side analyst different from a sell-side analyst?

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).

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

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