Penserra Capital Management LLC Increases Stock Holdings in Tortoise Energy Infrastructure Corporation $TYG

Penserra Capital Management LLC boosted its stake in Tortoise Energy Infrastructure Corporation (NYSE:TYG) by 21.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 144,252 shares of the financial services provider’s stock after buying an additional 25,478 shares during the quarter. Penserra Capital Management LLC owned approximately 1.34% of Tortoise Energy Infrastructure worth $6,215,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Walleye Capital LLC bought a new position in shares of Tortoise Energy Infrastructure during the second quarter valued at about $203,000. MBA Advisors LLC bought a new position in shares of Tortoise Energy Infrastructure during the 3rd quarter worth approximately $220,000. Wolverine Asset Management LLC purchased a new position in shares of Tortoise Energy Infrastructure in the 3rd quarter worth approximately $221,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Tortoise Energy Infrastructure in the second quarter valued at approximately $228,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Tortoise Energy Infrastructure during the first quarter valued at approximately $242,000. 32.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Andrew J. Iseman bought 3,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were purchased at an average cost of $46.83 per share, for a total transaction of $140,490.00. Following the completion of the purchase, the director directly owned 3,000 shares in the company, valued at $140,490. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Tortoise Energy Infrastructure Price Performance

TYG stock opened at $44.35 on Friday. The stock’s fifty day simple moving average is $42.74 and its two-hundred day simple moving average is $42.89. Tortoise Energy Infrastructure Corporation has a 1-year low of $33.73 and a 1-year high of $46.69.

Tortoise Energy Infrastructure Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be given a dividend of $0.475 per share. The ex-dividend date is Friday, February 20th. This represents a c) annualized dividend and a yield of 12.9%.

Tortoise Energy Infrastructure Profile

Tortoise Energy Infrastructure Corp. (NYSE: TYG) is a closed-end management investment company that focuses on investing in energy infrastructure companies. Organized as a business development company under the Investment Company Act of 1940, it primarily acquires and manages a diversified portfolio of debt and equity securities issued by publicly traded and private energy infrastructure businesses. The company seeks to generate current income and long-term capital appreciation through selective investments across the energy value chain.

The firm’s investment strategy emphasizes midstream infrastructure, including pipeline transportation, storage, processing facilities, and terminals.