Baird Financial Group Inc. Increases Holdings in Tortoise Energy Infrastructure Co. (NYSE:TYG)

Baird Financial Group Inc. grew its holdings in shares of Tortoise Energy Infrastructure Co. (NYSE:TYGGet Rating) by 1.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,327 shares of the financial services provider’s stock after purchasing an additional 326 shares during the quarter. Baird Financial Group Inc. owned approximately 0.25% of Tortoise Energy Infrastructure worth $897,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TYG. Allspring Global Investments Holdings LLC increased its position in shares of Tortoise Energy Infrastructure by 75.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 306,576 shares of the financial services provider’s stock valued at $9,068,000 after purchasing an additional 131,739 shares during the last quarter. Sit Investment Associates Inc. increased its position in shares of Tortoise Energy Infrastructure by 54.8% during the 1st quarter. Sit Investment Associates Inc. now owns 339,311 shares of the financial services provider’s stock valued at $11,727,000 after purchasing an additional 120,149 shares during the last quarter. KCS Wealth Advisory increased its position in shares of Tortoise Energy Infrastructure by 28.1% during the 2nd quarter. KCS Wealth Advisory now owns 103,021 shares of the financial services provider’s stock valued at $3,047,000 after purchasing an additional 22,579 shares during the last quarter. Hightower 6M Holding LLC purchased a new stake in shares of Tortoise Energy Infrastructure during the 1st quarter valued at $551,000. Finally, Raymond James & Associates increased its position in shares of Tortoise Energy Infrastructure by 11.3% during the 1st quarter. Raymond James & Associates now owns 103,857 shares of the financial services provider’s stock valued at $3,589,000 after purchasing an additional 10,567 shares during the last quarter. 32.31% of the stock is owned by hedge funds and other institutional investors.

Tortoise Energy Infrastructure Stock Up 1.7 %

Shares of Tortoise Energy Infrastructure stock opened at $33.42 on Friday. Tortoise Energy Infrastructure Co. has a 1 year low of $25.76 and a 1 year high of $36.85. The stock has a fifty day moving average price of $32.44 and a 200-day moving average price of $32.37.

Tortoise Energy Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Wednesday, November 23rd will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 8.50%. The ex-dividend date of this dividend is Tuesday, November 22nd.

Tortoise Energy Infrastructure Profile

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

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