UMB Bank N A MO cut its stake in shares of Tortoise Energy Infrastructure Corp. (NYSE:TYG) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 259,690 shares of the company’s stock after selling 4,276 shares during the period. UMB Bank N A MO’s holdings in Tortoise Energy Infrastructure Corp. were worth $7,993,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of TYG. Sanders Morris Harris Inc. acquired a new position in shares of Tortoise Energy Infrastructure Corp. during the first quarter valued at $702,000. Private Bank & Trust Co. acquired a new position in shares of Tortoise Energy Infrastructure Corp. during the second quarter valued at $202,000. LPL Financial LLC increased its position in shares of Tortoise Energy Infrastructure Corp. by 0.3% in the first quarter. LPL Financial LLC now owns 293,582 shares of the company’s stock valued at $6,867,000 after buying an additional 883 shares during the period. Royal Bank of Canada increased its position in shares of Tortoise Energy Infrastructure Corp. by 12.9% in the first quarter. Royal Bank of Canada now owns 125,775 shares of the company’s stock valued at $3,094,000 after buying an additional 14,389 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in shares of Tortoise Energy Infrastructure Corp. by 8.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 140,231 shares of the company’s stock valued at $3,383,000 after buying an additional 11,387 shares during the period. Institutional investors own 29.22% of the company’s stock.

Tortoise Energy Infrastructure Corp. (NYSE:TYG) traded up 3.00% during mid-day trading on Thursday, hitting $30.90. The stock had a trading volume of 131,986 shares. The firm’s 50-day moving average is $30.88 and its 200 day moving average is $28.98. Tortoise Energy Infrastructure Corp. has a one year low of $18.50 and a one year high of $33.05.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Wednesday, August 24th were paid a dividend of $0.655 per share. The ex-dividend date of this dividend was Monday, August 22nd. This represents a $2.62 dividend on an annualized basis and a dividend yield of 8.48%.

TYG has been the subject of several analyst reports. Zacks Investment Research downgraded Tortoise Energy Infrastructure Corp. from a “hold” rating to a “strong sell” rating in a report on Saturday, July 30th. Stifel Nicolaus boosted their price target on Tortoise Energy Infrastructure Corp. from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, July 28th.

Tortoise Energy Infrastructure Corp. Company Profile

Tortoise Energy Infrastructure Corporation (the Fund) is a non-diversified, closed-end management investment company. The Fund’s primary objective is to seek a high level of total return with an emphasis on current distributions. The Fund invests primarily in equity securities of master limited partnerships (MLPs) and their affiliates that transport, gather, process or store natural gas, natural gas liquids (NGLs), crude oil and refined petroleum products.

5 Day Chart for NYSE:TYG

Want to see what other hedge funds are holding TYG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tortoise Energy Infrastructure Corp. (NYSE:TYG).

Receive News & Ratings for Tortoise Energy Infrastructure Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tortoise Energy Infrastructure Corp. and related companies with MarketBeat.com's FREE daily email newsletter.