Wealth Enhancement Advisory Services LLC Acquires 31,790 Shares of Tortoise Energy Infrastructure Corporation $TYG

Wealth Enhancement Advisory Services LLC raised its holdings in Tortoise Energy Infrastructure Corporation (NYSE:TYG) by 29.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 139,778 shares of the financial services provider’s stock after acquiring an additional 31,790 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 1.30% of Tortoise Energy Infrastructure worth $6,076,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Steward Partners Investment Advisory LLC raised its position in Tortoise Energy Infrastructure by 150.0% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 30,478 shares of the financial services provider’s stock worth $1,338,000 after purchasing an additional 18,286 shares during the last quarter. Next Capital Management LLC bought a new stake in shares of Tortoise Energy Infrastructure in the 2nd quarter valued at about $429,000. Janney Montgomery Scott LLC increased its stake in shares of Tortoise Energy Infrastructure by 5.9% in the second quarter. Janney Montgomery Scott LLC now owns 34,506 shares of the financial services provider’s stock valued at $1,515,000 after buying an additional 1,908 shares during the period. Penserra Capital Management LLC increased its stake in shares of Tortoise Energy Infrastructure by 3.0% in the second quarter. Penserra Capital Management LLC now owns 118,774 shares of the financial services provider’s stock valued at $5,212,000 after buying an additional 3,509 shares during the period. Finally, Eagle Bluffs Wealth Management LLC raised its position in shares of Tortoise Energy Infrastructure by 0.8% during the second quarter. Eagle Bluffs Wealth Management LLC now owns 84,293 shares of the financial services provider’s stock worth $3,700,000 after acquiring an additional 666 shares during the last quarter. Institutional investors and hedge funds own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Stock Down 2.9%

Tortoise Energy Infrastructure stock opened at $44.20 on Monday. The stock’s 50 day moving average is $42.67 and its 200 day moving average is $42.83. Tortoise Energy Infrastructure Corporation has a one year low of $33.73 and a one year high of $47.74.

Tortoise Energy Infrastructure Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be paid a $0.475 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date of this dividend is Friday, February 20th.

Insider Activity at Tortoise Energy Infrastructure

In other Tortoise Energy Infrastructure news, Director Andrew J. Iseman bought 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was acquired at an average price of $46.83 per share, with a total value of $140,490.00. Following the completion of the purchase, the director directly owned 3,000 shares of the company’s stock, valued at approximately $140,490. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.10% of the stock is currently owned by insiders.

Tortoise Energy Infrastructure Profile

Tortoise Energy Infrastructure Corp. (NYSE: TYG) is a closed-end management investment company that focuses on investing in energy infrastructure companies. Organized as a business development company under the Investment Company Act of 1940, it primarily acquires and manages a diversified portfolio of debt and equity securities issued by publicly traded and private energy infrastructure businesses. The company seeks to generate current income and long-term capital appreciation through selective investments across the energy value chain.

The firm’s investment strategy emphasizes midstream infrastructure, including pipeline transportation, storage, processing facilities, and terminals.