Tortoise Energy Infrastructure Co. (NYSE:TYG) Stake Raised by UBS Group AG

UBS Group AG increased its holdings in Tortoise Energy Infrastructure Co. (NYSE:TYG – Get Rating) by 9.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,378 shares of the financial services provider’s stock after acquiring an additional 5,574 shares during the period. UBS Group AG owned about 0.55% of Tortoise Energy Infrastructure worth $1,958,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Advisors Asset Management Inc. lifted its stake in Tortoise Energy Infrastructure by 6.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 162,097 shares of the financial services provider’s stock worth $4,855,000 after acquiring an additional 9,560 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new stake in shares of Tortoise Energy Infrastructure during the 3rd quarter worth about $250,000. Allspring Global Investments Holdings LLC raised its stake in shares of Tortoise Energy Infrastructure by 72.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 529,470 shares of the financial services provider’s stock worth $15,857,000 after purchasing an additional 222,894 shares in the last quarter. Wipfli Financial Advisors LLC purchased a new stake in shares of Tortoise Energy Infrastructure during the 3rd quarter worth about $33,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of Tortoise Energy Infrastructure by 1.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 55,689 shares of the financial services provider’s stock worth $1,668,000 after purchasing an additional 793 shares in the last quarter. 35.40% of the stock is owned by hedge funds and other institutional investors.

Tortoise Energy Infrastructure Stock Down 1.9 %

TYG opened at $30.81 on Wednesday. Tortoise Energy Infrastructure Co. has a fifty-two week low of $27.04 and a fifty-two week high of $36.85. The business has a 50-day moving average of $32.60 and a 200-day moving average of $32.80.

Tortoise Energy Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Tuesday, February 21st were paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 9.22%. The ex-dividend date was Friday, February 17th.

Tortoise Energy Infrastructure Profile

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Tortoise Energy Infrastructure Corp. operates as a mutual fund closed-end investment trust. The company owns a portfolio of master limited partnership investments in the energy infrastructure sector. Its objective is to provide its stockholders a high level of total return with an emphasis on current distributions.