Baystate Wealth Management LLC Invests $27,000 in Tortoise Energy Infrastructure Co. (NYSE:TYG)

Baystate Wealth Management LLC bought a new position in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) in the fourth quarter, HoldingsChannel reports. The firm bought 922 shares of the financial services provider’s stock, valued at approximately $27,000.

Other large investors have also modified their holdings of the company. Eagle Bluffs Wealth Management LLC acquired a new stake in shares of Tortoise Energy Infrastructure in the 3rd quarter worth approximately $2,539,000. Advisors Asset Management Inc. grew its holdings in Tortoise Energy Infrastructure by 27.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 224,356 shares of the financial services provider’s stock valued at $6,484,000 after buying an additional 48,167 shares during the last quarter. Saba Capital Management L.P. grew its holdings in Tortoise Energy Infrastructure by 16.1% during the 3rd quarter. Saba Capital Management L.P. now owns 464,622 shares of the financial services provider’s stock valued at $13,428,000 after buying an additional 64,461 shares during the last quarter. Mutual Advisors LLC acquired a new stake in Tortoise Energy Infrastructure during the 4th quarter valued at $650,000. Finally, Oppenheimer & Co. Inc. grew its holdings in Tortoise Energy Infrastructure by 8.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 18,265 shares of the financial services provider’s stock valued at $528,000 after buying an additional 1,350 shares during the last quarter. 32.50% of the stock is owned by hedge funds and other institutional investors.

Tortoise Energy Infrastructure Trading Down 1.7 %

Shares of NYSE:TYG opened at $30.63 on Monday. The business’s fifty day moving average price is $29.80 and its two-hundred day moving average price is $28.96. Tortoise Energy Infrastructure Co. has a one year low of $26.72 and a one year high of $31.89.

Tortoise Energy Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 22nd were issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 9.27%. The ex-dividend date was Wednesday, February 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.