American Financial Group Inc. maintained its position in Tortoise Energy Infrastructure Corp. (NYSE:TYG) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 248,716 shares of the company’s stock at the end of the third quarter. American Financial Group Inc.’s holdings in Tortoise Energy Infrastructure Corp. were worth $7,648,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisor Group Inc. bought a new stake in Tortoise Energy Infrastructure Corp. during the second quarter worth $103,000. Hartford Financial Management Inc. acquired a new position in Tortoise Energy Infrastructure Corp. during the second quarter valued at approximately $130,000. Mycio Wealth Partners LLC raised its position in Tortoise Energy Infrastructure Corp. by 25.0% in the second quarter. Mycio Wealth Partners LLC now owns 5,000 shares of the company’s stock valued at $154,000 after buying an additional 1,000 shares during the period. IFP Advisors Inc raised its position in Tortoise Energy Infrastructure Corp. by 18.1% in the second quarter. IFP Advisors Inc now owns 4,994 shares of the company’s stock valued at $154,000 after buying an additional 766 shares during the period. Finally, Private Bank & Trust Co. acquired a new position in Tortoise Energy Infrastructure Corp. during the second quarter valued at approximately $202,000. Institutional investors own 29.41% of the company’s stock.

Institutional Ownership by Quarter for Tortoise Energy Infrastructure Corp. (NYSE:TYG)

Tortoise Energy Infrastructure Corp. (NYSE:TYG) traded down 2.4478% during trading on Tuesday, reaching $29.5193. The company had a trading volume of 265,116 shares. The stock has a 50 day moving average price of $30.21 and a 200-day moving average price of $30.42. Tortoise Energy Infrastructure Corp. has a 52-week low of $18.50 and a 52-week high of $33.05.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Wednesday, November 23rd will be issued a $0.655 dividend. The ex-dividend date of this dividend is Monday, November 21st. This represents a $2.62 dividend on an annualized basis and a dividend yield of 8.66%.

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Separately, Zacks Investment Research raised Tortoise Energy Infrastructure Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, September 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

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