WCG Wealth Advisors LLC Buys Shares of 13,628 Tortoise Energy Infrastructure Corporation $TYG

WCG Wealth Advisors LLC bought a new stake in shares of Tortoise Energy Infrastructure Corporation (NYSE:TYG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,628 shares of the financial services provider’s stock, valued at approximately $557,000. WCG Wealth Advisors LLC owned about 0.13% of Tortoise Energy Infrastructure at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Blue Bell Private Wealth Management LLC raised its holdings in shares of Tortoise Energy Infrastructure by 343.1% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 16,280 shares of the financial services provider’s stock valued at $666,000 after acquiring an additional 12,606 shares during the last quarter. Harbour Investments Inc. raised its holdings in shares of Tortoise Energy Infrastructure by 12.0% during the fourth quarter. Harbour Investments Inc. now owns 6,894 shares of the financial services provider’s stock valued at $282,000 after acquiring an additional 737 shares during the last quarter. RFG Advisory LLC acquired a new position in shares of Tortoise Energy Infrastructure during the fourth quarter valued at approximately $346,000. WJ Financial Advisors LLC raised its holdings in shares of Tortoise Energy Infrastructure by 16.3% during the fourth quarter. WJ Financial Advisors LLC now owns 27,913 shares of the financial services provider’s stock valued at $1,142,000 after acquiring an additional 3,912 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of Tortoise Energy Infrastructure by 31.8% during the fourth quarter. Oppenheimer & Co. Inc. now owns 34,054 shares of the financial services provider’s stock valued at $1,393,000 after acquiring an additional 8,210 shares during the last quarter. Institutional investors and hedge funds own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Trading Up 0.3%

TYG stock opened at $43.25 on Friday. Tortoise Energy Infrastructure Corporation has a 12 month low of $40.35 and a 12 month high of $51.18. The firm has a 50-day moving average of $47.08 and a two-hundred day moving average of $45.74.

Tortoise Energy Infrastructure Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be issued a $0.475 dividend. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 13.2%.

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.