Tortoise Energy Infrastructure Co. (NYSE:TYG) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its holdings in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) by 52.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 343,668 shares of the financial services provider’s stock after selling 381,283 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Tortoise Energy Infrastructure were worth $9,887,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in TYG. Eagle Bluffs Wealth Management LLC purchased a new stake in shares of Tortoise Energy Infrastructure in the 3rd quarter valued at approximately $2,539,000. Citadel Advisors LLC purchased a new stake in shares of Tortoise Energy Infrastructure in the 3rd quarter valued at approximately $2,061,000. Zimmer Partners LP purchased a new stake in shares of Tortoise Energy Infrastructure in the 1st quarter valued at approximately $1,991,000. Saba Capital Management L.P. lifted its position in shares of Tortoise Energy Infrastructure by 16.1% in 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 acquiring an additional 64,461 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of Tortoise Energy Infrastructure by 27.3% in 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 acquiring an additional 48,167 shares in the last quarter. Hedge funds and other institutional investors own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Stock Performance

Shares of NYSE:TYG opened at $29.87 on Wednesday. Tortoise Energy Infrastructure Co. has a 52 week low of $26.72 and a 52 week high of $31.89. The firm has a 50 day simple moving average of $29.86 and a 200 day simple moving average of $28.97.

Tortoise Energy Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 22nd were paid a $0.71 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $2.84 annualized dividend and a yield of 9.51%.

Tortoise Energy Infrastructure Company Profile

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.