Raymond James Financial Services Advisors Inc. Decreases Stake in Tortoise Energy Infrastructure Co. (NYSE:TYG)

Raymond James Financial Services Advisors Inc. reduced its stake in Tortoise Energy Infrastructure Co. (NYSE:TYG) by 63.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,185 shares of the financial services provider’s stock after selling 31,920 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Tortoise Energy Infrastructure were worth $523,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Mariner LLC increased its stake in Tortoise Energy Infrastructure by 1.1% in the 1st quarter. Mariner LLC now owns 38,629 shares of the financial services provider’s stock worth $1,335,000 after purchasing an additional 414 shares during the period. CreativeOne Wealth LLC increased its stake in Tortoise Energy Infrastructure by 1.6% in the 4th quarter. CreativeOne Wealth LLC now owns 27,280 shares of the financial services provider’s stock worth $867,000 after purchasing an additional 423 shares during the period. Baird Financial Group Inc. increased its stake in Tortoise Energy Infrastructure by 2.0% in the 3rd quarter. Baird Financial Group Inc. now owns 30,928 shares of the financial services provider’s stock worth $926,000 after purchasing an additional 601 shares during the period. Jaffetilchin Investment Partners LLC increased its stake in shares of Tortoise Energy Infrastructure by 6.1% during the second quarter. Jaffetilchin Investment Partners LLC now owns 11,467 shares of the financial services provider’s stock valued at $333,000 after buying an additional 659 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in shares of Tortoise Energy Infrastructure by 3.2% during the first quarter. Commonwealth Equity Services LLC now owns 29,546 shares of the financial services provider’s stock valued at $868,000 after buying an additional 905 shares during the period. 32.50% of the stock is owned by hedge funds and other institutional investors.

Tortoise Energy Infrastructure Price Performance

TYG opened at $30.50 on Friday. Tortoise Energy Infrastructure Co. has a 52-week low of $26.72 and a 52-week high of $31.89. The stock’s 50 day moving average price is $29.93 and its 200-day moving average price is $28.99.

Tortoise Energy Infrastructure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 22nd were paid a dividend of $0.71 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.84 annualized dividend and a dividend yield of 9.31%.

Tortoise Energy Infrastructure 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.