BB&T Securities LLC decreased its holdings in Tortoise Energy Infrastructure Corp. (NYSE:TYG) by 52.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,332 shares of the financial services provider’s stock after selling 27,558 shares during the quarter. BB&T Securities LLC’s holdings in Tortoise Energy Infrastructure were worth $515,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of Tortoise Energy Infrastructure by 20.9% during the second quarter. Bank of America Corp DE now owns 1,235,233 shares of the financial services provider’s stock valued at $27,855,000 after acquiring an additional 213,448 shares during the last quarter. Uniplan Investment Counsel Inc. raised its holdings in shares of Tortoise Energy Infrastructure by 15.2% during the second quarter. Uniplan Investment Counsel Inc. now owns 640,969 shares of the financial services provider’s stock valued at $12,755,000 after acquiring an additional 84,552 shares during the last quarter. BKD Wealth Advisors LLC raised its holdings in shares of Tortoise Energy Infrastructure by 119.3% during the third quarter. BKD Wealth Advisors LLC now owns 121,780 shares of the financial services provider’s stock valued at $2,490,000 after acquiring an additional 66,250 shares during the last quarter. Roble Belko & Company Inc raised its holdings in shares of Tortoise Energy Infrastructure by 10.1% during the second quarter. Roble Belko & Company Inc now owns 289,543 shares of the financial services provider’s stock valued at $6,529,000 after acquiring an additional 26,444 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC raised its holdings in shares of Tortoise Energy Infrastructure by 46.2% during the second quarter. Prime Capital Investment Advisors LLC now owns 73,106 shares of the financial services provider’s stock valued at $1,649,000 after acquiring an additional 23,106 shares during the last quarter. 30.58% of the stock is owned by institutional investors.

Shares of Tortoise Energy Infrastructure stock opened at $18.22 on Wednesday. The business has a 50 day simple moving average of $19.27 and a two-hundred day simple moving average of $21.46. Tortoise Energy Infrastructure Corp. has a 12 month low of $18.00 and a 12 month high of $25.47.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.655 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.62 dividend on an annualized basis and a dividend yield of 14.38%.

Tortoise Energy Infrastructure Profile

Tortoise Energy Infrastructure Corporation is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors LLC The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating in the energy infrastructure sector, with an emphasis on those companies that are engaged in transporting, processing, storing, distributing or marketing natural gas, natural gas liquids (primarily propane), coal, crude oil or refined petroleum products, or exploring, developing, managing or producing such commodities.

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

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