UMB Bank N A MO decreased its stake in Tortoise Energy Infrastructure Corp. (NYSE:TYG) by 1.6% during the second quarter, according to its most recent disclosure with the SEC. The firm 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 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of TYG. Sanders Morris Harris Inc. purchased a new position in Tortoise Energy Infrastructure Corp. during the first quarter valued at approximately $702,000. Private Bank & Trust Co. purchased a new position in Tortoise Energy Infrastructure Corp. during the second quarter valued at approximately $202,000. LPL Financial LLC raised its position in 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 in the last quarter. Royal Bank of Canada raised its position in 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 in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in 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 in the last quarter. 29.22% of the stock is owned by institutional investors.

Tortoise Energy Infrastructure Corp. (NYSE:TYG) traded up 3.00% on Thursday, reaching $30.90. The company had a trading volume of 131,986 shares. The stock’s 50-day moving average price is $30.88 and its 200 day moving average price is $28.98. Tortoise Energy Infrastructure Corp. has a 52-week low of $18.50 and a 52-week high of $33.05.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 24th were issued a $0.655 dividend. The ex-dividend date was Monday, August 22nd. This represents a $2.62 annualized dividend and a yield of 8.48%.

A number of research analysts recently issued reports on the company. Stifel Nicolaus lifted their target price 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. Zacks Investment Research upgraded Tortoise Energy Infrastructure Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th.

About Tortoise Energy Infrastructure Corp.

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.

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