D.A. Davidson & CO. Grows Holdings in Tortoise Energy Infrastructure Corp. (NYSE:TYG)

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D.A. Davidson & CO. grew its stake in Tortoise Energy Infrastructure Corp. (NYSE:TYG) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,839 shares of the financial services provider’s stock after buying an additional 2,932 shares during the period. D.A. Davidson & CO. owned approximately 0.25% of Tortoise Energy Infrastructure worth $2,717,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Prime Capital Investment Advisors LLC raised its stake in Tortoise Energy Infrastructure by 1.5% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 74,211 shares of the financial services provider’s stock worth $1,518,000 after acquiring an additional 1,105 shares during the period. Tower Research Capital LLC TRC bought a new stake in Tortoise Energy Infrastructure during the 3rd quarter worth approximately $36,000. Commonwealth Equity Services LLC raised its stake in Tortoise Energy Infrastructure by 2.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 67,809 shares of the financial services provider’s stock worth $1,386,000 after acquiring an additional 1,578 shares during the period. Janney Montgomery Scott LLC raised its stake in Tortoise Energy Infrastructure by 4.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 26,818 shares of the financial services provider’s stock worth $548,000 after acquiring an additional 1,107 shares during the period. Finally, Venturi Wealth Management LLC purchased a new stake in Tortoise Energy Infrastructure during the 3rd quarter valued at approximately $120,000. 30.58% of the stock is owned by institutional investors and hedge funds.

Shares of TYG opened at $17.98 on Friday. Tortoise Energy Infrastructure Corp. has a 1 year low of $17.84 and a 1 year high of $25.47. The company has a 50 day simple moving average of $19.16 and a two-hundred day simple moving average of $21.41.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.655 per share. This represents a $2.62 dividend on an annualized basis and a yield of 14.57%. The ex-dividend date of this dividend is Thursday, November 21st.

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.

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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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