Investment Research Partners LLC Invests $842,000 in Tortoise Energy Infrastructure Corporation $TYG

Investment Research Partners LLC purchased a new position in shares of Tortoise Energy Infrastructure Corporation (NYSE:TYG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 20,575 shares of the financial services provider’s stock, valued at approximately $842,000.

Several other institutional investors and hedge funds have also modified their holdings of TYG. Integrated Wealth Concepts LLC purchased a new position in shares of Tortoise Energy Infrastructure during the 1st quarter worth $242,000. NewEdge Advisors LLC boosted its stake in shares of Tortoise Energy Infrastructure by 9.6% during the 1st quarter. NewEdge Advisors LLC now owns 5,723 shares of the financial services provider’s stock worth $246,000 after acquiring an additional 500 shares during the last quarter. Walleye Capital LLC purchased a new position in shares of Tortoise Energy Infrastructure during the 2nd quarter worth $203,000. Raymond James Financial Inc. boosted its stake in shares of Tortoise Energy Infrastructure by 14.1% during the 2nd quarter. Raymond James Financial Inc. now owns 293,042 shares of the financial services provider’s stock worth $12,862,000 after acquiring an additional 36,313 shares during the last quarter. Finally, MGB Wealth Management LLC boosted its stake in shares of Tortoise Energy Infrastructure by 2.6% during the 2nd quarter. MGB Wealth Management LLC now owns 23,896 shares of the financial services provider’s stock worth $1,049,000 after acquiring an additional 601 shares during the last quarter. Hedge funds and other institutional investors own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Stock Performance

Shares of TYG stock opened at $42.62 on Friday. Tortoise Energy Infrastructure Corporation has a one year low of $40.35 and a one year high of $51.18. The company’s fifty day moving average price is $46.50 and its 200-day moving average price is $45.72.

Tortoise Energy Infrastructure Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be given a dividend of $0.475 per share. This represents a c) annualized dividend and a dividend yield of 13.4%. The ex-dividend date is Monday, August 24th.

About Tortoise Energy Infrastructure

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.