Consolidated Portfolio Review Corp Takes Position in Tortoise Energy Infrastructure Corporation $TYG

Consolidated Portfolio Review Corp bought a new position in shares of Tortoise Energy Infrastructure Corporation (NYSE:TYG) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 23,961 shares of the financial services provider’s stock, valued at approximately $1,032,000. Consolidated Portfolio Review Corp owned about 0.22% of Tortoise Energy Infrastructure as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the business. Walleye Capital LLC acquired a new stake in Tortoise Energy Infrastructure during the 2nd quarter valued at approximately $203,000. MBA Advisors LLC bought a new position in Tortoise Energy Infrastructure during the 3rd quarter valued at $220,000. Wolverine Asset Management LLC acquired a new position in Tortoise Energy Infrastructure during the 3rd quarter worth $221,000. B. Riley Wealth Advisors Inc. acquired a new position in Tortoise Energy Infrastructure during the 2nd quarter worth $228,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Tortoise Energy Infrastructure in the 1st quarter worth about $242,000. Institutional investors and hedge funds own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Stock Performance

Shares of Tortoise Energy Infrastructure stock opened at $48.65 on Friday. Tortoise Energy Infrastructure Corporation has a 1 year low of $33.73 and a 1 year high of $50.93. The firm’s 50-day simple moving average is $45.35 and its 200-day simple moving average is $43.66.

Tortoise Energy Infrastructure Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 22nd will be given a $0.475 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.7%. The ex-dividend date is Friday, May 22nd.

Tortoise Energy Infrastructure Company 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.