First Republic Investment Management Inc. Has $1.09 Million Position in Tortoise Energy Infrastructure Corp. (TYG)
First Republic Investment Management Inc. decreased its position in Tortoise Energy Infrastructure Corp. (NYSE:TYG) by 15.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,315 shares of the financial services provider’s stock after selling 6,595 shares during the quarter. First Republic Investment Management Inc.’s holdings in Tortoise Energy Infrastructure were worth $1,085,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC acquired a new stake in Tortoise Energy Infrastructure during the third quarter worth approximately $184,000. Private Trust Co. NA acquired a new stake in Tortoise Energy Infrastructure during the fourth quarter worth approximately $228,000. First National Bank of Mount Dora Trust Investment Services acquired a new stake in Tortoise Energy Infrastructure during the fourth quarter worth approximately $247,000. Hartford Financial Management Inc. raised its holdings in Tortoise Energy Infrastructure by 67.8% during the fourth quarter. Hartford Financial Management Inc. now owns 8,732 shares of the financial services provider’s stock worth $253,000 after purchasing an additional 3,528 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT acquired a new stake in Tortoise Energy Infrastructure during the third quarter worth approximately $299,000. 30.40% of the stock is currently owned by institutional investors.
Shares of Tortoise Energy Infrastructure Corp. (TYG) opened at $27.39 on Friday. Tortoise Energy Infrastructure Corp. has a 1-year low of $24.30 and a 1-year high of $35.36.
In related news, insider Terry Matlack acquired 1,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were bought at an average price of $26.13 per share, with a total value of $26,130.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO P. Bradley Adams acquired 1,571 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were bought at an average cost of $28.45 per share, for a total transaction of $44,694.95. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 4,071 shares of company stock worth $113,320. 0.33% of the stock is owned by corporate insiders.
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Tortoise Energy Infrastructure Profile
Tortoise Energy Infrastructure Corporation (the Fund) is a non-diversified, closed-end management investment company. The Fund seeks a high level of total return with a focus on current distributions paid to stockholders. The Fund invests primarily in equity securities of master limited partnerships (MLPs) and their affiliates that transport, gather, process or store natural gas, natural gas liquids (NGLs), crude oil and refined petroleum products.
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