Alpine Global Management LLC Invests $950,000 in Tortoise Energy Infrastructure Corporation $TYG

Alpine Global Management LLC bought a new position in Tortoise Energy Infrastructure Corporation (NYSE:TYG) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 22,050 shares of the financial services provider’s stock, valued at approximately $950,000. Alpine Global Management LLC owned approximately 0.20% of Tortoise Energy Infrastructure at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new stake in Tortoise Energy Infrastructure in the 1st quarter worth approximately $242,000. NewEdge Advisors LLC boosted its position in shares of Tortoise Energy Infrastructure by 9.6% during the 1st quarter. NewEdge Advisors LLC now owns 5,723 shares of the financial services provider’s stock valued at $246,000 after acquiring an additional 500 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Tortoise Energy Infrastructure by 150.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 30,478 shares of the financial services provider’s stock valued at $1,338,000 after purchasing an additional 18,286 shares in the last quarter. Walleye Capital LLC purchased a new position in shares of Tortoise Energy Infrastructure in the second quarter valued at $203,000. Finally, Cary Street Partners Financial LLC increased its position in Tortoise Energy Infrastructure by 7.7% in the second quarter. Cary Street Partners Financial LLC now owns 6,970 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Stock Up 2.2%

Tortoise Energy Infrastructure stock opened at $50.91 on Wednesday. Tortoise Energy Infrastructure Corporation has a 52-week low of $33.73 and a 52-week high of $51.01. The firm’s fifty day moving average is $46.47 and its 200 day moving average is $43.98.

Tortoise Energy Infrastructure Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 22nd will be issued a $0.475 dividend. The ex-dividend date is Friday, May 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%.

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.