Kayne Anderson Capital Advisors LP Sells 2,516 Shares of Tortoise Energy Infrastructure Co. (NYSE:TYG)

Kayne Anderson Capital Advisors LP decreased its stake in Tortoise Energy Infrastructure Co. (NYSE:TYG) by 10.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 20,984 shares of the financial services provider’s stock after selling 2,516 shares during the quarter. Kayne Anderson Capital Advisors LP’s holdings in Tortoise Energy Infrastructure were worth $604,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Baystate Wealth Management LLC bought a new position in Tortoise Energy Infrastructure in the fourth quarter valued at $27,000. John G Ullman & Associates Inc. increased its position in shares of Tortoise Energy Infrastructure by 32.0% during 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. raised its holdings in shares of Tortoise Energy Infrastructure by 8.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 18,265 shares of the financial services provider’s stock valued at $528,000 after buying an additional 1,350 shares in the last quarter. Mutual Advisors LLC bought a new stake in Tortoise Energy Infrastructure in the 4th quarter worth approximately $650,000. Finally, KCS Wealth Advisory boosted its stake in Tortoise Energy Infrastructure by 12.8% in the third quarter. KCS Wealth Advisory now owns 32,853 shares of the financial services provider’s stock worth $949,000 after buying an additional 3,739 shares in the last quarter. Hedge funds and other institutional investors own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Trading Up 0.8 %

Shares of TYG stock traded up $0.25 during trading hours on Thursday, hitting $32.86. 12,239 shares of the company’s stock were exchanged, compared to its average volume of 44,210. The business’s 50 day simple moving average is $30.59 and its 200-day simple moving average is $29.32. Tortoise Energy Infrastructure Co. has a 12-month low of $26.72 and a 12-month high of $32.87.

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.