Tortoise Energy Infrastructure Co. (NYSE:TYG) Shares Purchased by Thomas J. Herzfeld Advisors Inc.

Thomas J. Herzfeld Advisors Inc. raised its holdings in Tortoise Energy Infrastructure Co. (NYSE:TYG) by 28.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 127,580 shares of the financial services provider’s stock after purchasing an additional 28,526 shares during the quarter. Tortoise Energy Infrastructure accounts for about 1.7% of Thomas J. Herzfeld Advisors Inc.’s holdings, making the stock its 17th biggest position. Thomas J. Herzfeld Advisors Inc. owned approximately 1.18% of Tortoise Energy Infrastructure worth $5,358,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of Tortoise Energy Infrastructure in the fourth quarter valued at approximately $7,158,000. Advisors Asset Management Inc. lifted its holdings in Tortoise Energy Infrastructure by 53.8% in the fourth quarter. Advisors Asset Management Inc. now owns 386,221 shares of the financial services provider’s stock valued at $16,221,000 after acquiring an additional 135,146 shares during the period. Meixler Investment Management Ltd. purchased a new stake in shares of Tortoise Energy Infrastructure during the 4th quarter worth $5,151,000. HighTower Advisors LLC acquired a new position in shares of Tortoise Energy Infrastructure during the 4th quarter worth $2,416,000. Finally, Financial Advocates Investment Management increased its holdings in shares of Tortoise Energy Infrastructure by 337.1% in the 4th quarter. Financial Advocates Investment Management now owns 31,059 shares of the financial services provider’s stock valued at $1,304,000 after purchasing an additional 23,953 shares in the last quarter. Institutional investors and hedge funds own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Price Performance

TYG stock opened at $43.02 on Tuesday. The company’s 50-day moving average price is $44.14 and its 200 day moving average price is $42.83. Tortoise Energy Infrastructure Co. has a 52 week low of $29.54 and a 52 week high of $48.76.

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 dividend of $0.365 per share. This represents a dividend yield of 10%. The ex-dividend date was Monday, March 24th.

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.