14,388 Shares in Tortoise Energy Infrastructure Corporation $TYG Bought by Concorde Asset Management LLC

Concorde Asset Management LLC bought a new position in shares of Tortoise Energy Infrastructure Corporation (NYSE:TYG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,388 shares of the financial services provider’s stock, valued at approximately $617,000. Concorde Asset Management LLC owned about 0.06% of Tortoise Energy Infrastructure at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TYG. Royal Bank of Canada increased its holdings in shares of Tortoise Energy Infrastructure by 17.5% during the 1st quarter. Royal Bank of Canada now owns 391,435 shares of the financial services provider’s stock valued at $19,513,000 after acquiring an additional 58,304 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Tortoise Energy Infrastructure by 17.9% in the 4th quarter. Advisors Asset Management Inc. now owns 381,612 shares of the financial services provider’s stock worth $15,608,000 after purchasing an additional 57,930 shares during the last quarter. Raymond James Financial Inc. boosted its position in Tortoise Energy Infrastructure by 8.3% during the third quarter. Raymond James Financial Inc. now owns 317,361 shares of the financial services provider’s stock worth $13,675,000 after purchasing an additional 24,319 shares during the period. Bard Associates Inc. bought a new stake in Tortoise Energy Infrastructure during the second quarter worth approximately $8,422,000. Finally, Almitas Capital LLC acquired a new position in Tortoise Energy Infrastructure during the second quarter valued at approximately $6,939,000. Institutional investors and hedge funds own 32.50% of the company’s stock.

Insider Buying and Selling

In other news, Director Conrad S. Ciccotello bought 4,107 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was purchased at an average price of $42.24 per share, with a total value of $173,479.68. Following the transaction, the director directly owned 16,225 shares in the company, valued at approximately $685,344. The trade was a 33.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.09% of the stock is owned by company insiders.

Tortoise Energy Infrastructure Price Performance

NYSE:TYG opened at $43.34 on Friday. Tortoise Energy Infrastructure Corporation has a 12 month low of $40.35 and a 12 month high of $51.18. The company’s 50 day moving average is $43.33 and its 200-day moving average is $45.89.

Tortoise Energy Infrastructure Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 23rd will be issued a $0.475 dividend. This represents a c) annualized dividend and a yield of 13.2%. The ex-dividend date is Monday, November 23rd.

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.