Bard Associates Inc. Boosts Stock Holdings in Tortoise Energy Infrastructure Corporation $TYG

Bard Associates Inc. grew its stake in shares of Tortoise Energy Infrastructure Corporation (NYSE:TYG) by 584.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 114,419 shares of the financial services provider’s stock after buying an additional 97,692 shares during the quarter. Tortoise Energy Infrastructure accounts for approximately 1.3% of Bard Associates Inc.’s portfolio, making the stock its 25th largest holding. Bard Associates Inc. owned about 1.06% of Tortoise Energy Infrastructure worth $4,930,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Penserra Capital Management LLC boosted its holdings in Tortoise Energy Infrastructure by 21.5% during the 3rd quarter. Penserra Capital Management LLC now owns 144,252 shares of the financial services provider’s stock valued at $6,215,000 after acquiring an additional 25,478 shares during the period. Steward Partners Investment Advisory LLC grew 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 acquiring an additional 18,286 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Tortoise Energy Infrastructure by 29.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 139,778 shares of the financial services provider’s stock worth $6,076,000 after purchasing an additional 31,790 shares during the period. Consolidated Portfolio Review Corp purchased a new position in Tortoise Energy Infrastructure in the 3rd quarter worth approximately $1,032,000. Finally, WJ Financial Advisors LLC bought a new stake in Tortoise Energy Infrastructure in the third quarter valued at approximately $1,034,000. Hedge funds and other institutional investors own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Price Performance

NYSE:TYG opened at $48.91 on Friday. Tortoise Energy Infrastructure Corporation has a fifty-two week low of $33.73 and a fifty-two week high of $50.93. The business has a 50 day moving average price of $46.11 and a 200-day moving average price of $43.86.

Tortoise Energy Infrastructure Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 22nd will be issued a dividend of $0.475 per share. This represents a c) dividend on an annualized basis and a yield of 11.7%. The ex-dividend date is Friday, May 22nd.

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.