Eagle Bluffs Wealth Management LLC Boosts Stake in Tortoise Energy Infrastructure Corporation $TYG

Eagle Bluffs Wealth Management LLC lifted its stake in Tortoise Energy Infrastructure Corporation (NYSE:TYG) by 74.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,482 shares of the financial services provider’s stock after purchasing an additional 63,588 shares during the period. Tortoise Energy Infrastructure accounts for approximately 2.5% of Eagle Bluffs Wealth Management LLC’s holdings, making the stock its 12th largest position. Eagle Bluffs Wealth Management LLC’s holdings in Tortoise Energy Infrastructure were worth $6,114,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parkside Financial Bank & Trust increased its stake in shares of Tortoise Energy Infrastructure by 42.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,000 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 300 shares in the last quarter. Comerica Bank increased its stake in shares of Tortoise Energy Infrastructure by 27.8% in the 4th quarter. Comerica Bank now owns 1,111 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 242 shares in the last quarter. Hartford Financial Management Inc. increased its stake in shares of Tortoise Energy Infrastructure by 49.2% in the 4th quarter. Hartford Financial Management Inc. now owns 1,244 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 410 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Tortoise Energy Infrastructure by 600.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,100 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 1,800 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in shares of Tortoise Energy Infrastructure by 31.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,826 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 921 shares in the last quarter. 32.50% of the stock is currently owned by hedge funds and other institutional investors.

Tortoise Energy Infrastructure Trading Up 0.5%

Shares of TYG stock opened at $42.77 on Friday. Tortoise Energy Infrastructure Corporation has a 52-week low of $40.35 and a 52-week high of $51.18. The stock has a fifty day simple moving average of $46.43 and a two-hundred day simple moving average of $45.70.

Tortoise Energy Infrastructure Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be paid a $0.475 dividend. This represents a c) dividend on an annualized basis and a yield of 13.3%. The ex-dividend date is Monday, August 24th.

Tortoise Energy Infrastructure Company 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.