UMB Bank N A MO raised its stake in shares of Tortoise Energy Infrastructure Corp. (NYSE:TYG) by 7.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 535,566 shares of the financial services provider’s stock after buying an additional 35,901 shares during the period. UMB Bank N A MO’s holdings in Tortoise Energy Infrastructure Corp. were worth $16,276,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TYG. Morgan Stanley increased its position in shares of Tortoise Energy Infrastructure Corp. by 21.5% in the first quarter. Morgan Stanley now owns 1,620,344 shares of the financial services provider’s stock valued at $56,534,000 after buying an additional 286,445 shares during the period. Sit Investment Associates Inc. increased its position in shares of Tortoise Energy Infrastructure Corp. by 62.8% in the first quarter. Sit Investment Associates Inc. now owns 708,491 shares of the financial services provider’s stock valued at $24,719,000 after buying an additional 273,373 shares during the period. Crescent Grove Advisors LLC acquired a new position in shares of Tortoise Energy Infrastructure Corp. during the second quarter valued at approximately $3,707,000. Parkside Investments LLC acquired a new position in shares of Tortoise Energy Infrastructure Corp. during the first quarter valued at approximately $4,025,000. Finally, Allen Investment Management LLC increased its position in shares of Tortoise Energy Infrastructure Corp. by 114.2% in the first quarter. Allen Investment Management LLC now owns 83,152 shares of the financial services provider’s stock valued at $2,901,000 after buying an additional 44,341 shares during the period. 34.19% of the stock is currently owned by institutional investors.

Shares of Tortoise Energy Infrastructure Corp. (NYSE TYG) opened at 28.38 on Friday. The firm has a 50 day moving average price of $30.02 and a 200 day moving average price of $32.46. Tortoise Energy Infrastructure Corp. has a one year low of $27.40 and a one year high of $37.11.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 24th will be paid a $0.655 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $2.62 dividend on an annualized basis and a dividend yield of 9.23%.

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Separately, Stifel Nicolaus raised Tortoise Energy Infrastructure Corp. from a “hold” rating to a “buy” rating and cut their price objective for the company from $35.00 to $34.00 in a research report on Wednesday, June 28th. They noted that the move was a valuation call.

About Tortoise Energy Infrastructure Corp.

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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Institutional Ownership by Quarter for Tortoise Energy Infrastructure Corp. (NYSE:TYG)

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