37,195 Shares in Tortoise Energy Infrastructure Co. (NYSE:TYG) Acquired by Wolverine Asset Management LLC

Wolverine Asset Management LLC purchased a new position in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 37,195 shares of the financial services provider’s stock, valued at approximately $1,070,000. Wolverine Asset Management LLC owned about 0.33% of Tortoise Energy Infrastructure at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Baystate Wealth Management LLC bought a new position in shares of Tortoise Energy Infrastructure in the 4th quarter valued at $27,000. John G Ullman & Associates Inc. increased its stake in shares of Tortoise Energy Infrastructure by 32.0% in the 4th quarter. John G Ullman & Associates Inc. now owns 10,035 shares of the financial services provider’s stock valued at $289,000 after purchasing an additional 2,435 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Tortoise Energy Infrastructure by 8.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 18,265 shares of the financial services provider’s stock valued at $528,000 after purchasing an additional 1,350 shares during the last quarter. Mutual Advisors LLC bought a new position in shares of Tortoise Energy Infrastructure in the 4th quarter valued at $650,000. Finally, KCS Wealth Advisory grew its position in Tortoise Energy Infrastructure by 12.8% during the 3rd quarter. KCS Wealth Advisory now owns 32,853 shares of the financial services provider’s stock worth $949,000 after acquiring an additional 3,739 shares during the last quarter. 32.50% of the stock is owned by institutional investors and hedge funds.

Tortoise Energy Infrastructure Stock Performance

Shares of TYG stock opened at $31.89 on Friday. Tortoise Energy Infrastructure Co. has a twelve month low of $26.72 and a twelve month high of $32.23. The stock’s fifty day simple moving average is $30.20 and its 200 day simple moving average is $29.14.

Tortoise Energy Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 22nd were given a $0.71 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 8.91%.

About Tortoise Energy Infrastructure

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.