Sit Investment Associates Inc. Purchases 58,938 Shares of Tortoise Energy Infrastructure Co. (NYSE:TYG)

Sit Investment Associates Inc. lifted its position in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) by 44.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 190,690 shares of the financial services provider’s stock after acquiring an additional 58,938 shares during the period. Sit Investment Associates Inc. owned approximately 1.77% of Tortoise Energy Infrastructure worth $8,009,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new position in shares of Tortoise Energy Infrastructure in the fourth quarter worth $25,000. Noble Wealth Management PBC purchased a new position in Tortoise Energy Infrastructure in the 4th quarter worth about $30,000. Hartford Financial Management Inc. lifted its stake in Tortoise Energy Infrastructure by 37.5% during the 4th quarter. Hartford Financial Management Inc. now owns 803 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 219 shares during the period. Principal Securities Inc. purchased a new stake in shares of Tortoise Energy Infrastructure during the 4th quarter valued at about $46,000. Finally, Eastern Bank bought a new stake in shares of Tortoise Energy Infrastructure in the fourth quarter worth approximately $124,000. 32.50% of the stock is currently owned by hedge funds and other institutional investors.

Tortoise Energy Infrastructure Stock Performance

Shares of Tortoise Energy Infrastructure stock opened at $37.90 on Friday. Tortoise Energy Infrastructure Co. has a twelve month low of $29.54 and a twelve month high of $48.76. The company’s 50 day moving average is $43.66 and its 200 day moving average is $42.88.

Tortoise Energy Infrastructure Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th were paid a $0.365 dividend. The ex-dividend date was Monday, March 24th. This represents a dividend yield of 10%.

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.