First Republic Investment Management Inc. reduced its stake in Tortoise Energy Infrastructure Corp. (NYSE:TYG) by 5.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 43,910 shares of the financial services provider’s stock after selling 2,753 shares during the quarter. First Republic Investment Management Inc. owned approximately 0.09% of Tortoise Energy Infrastructure worth $1,271,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Paragon Capital Management LLC raised its holdings in Tortoise Energy Infrastructure by 14.8% in the 3rd quarter. Paragon Capital Management LLC now owns 296,881 shares of the financial services provider’s stock worth $8,597,000 after purchasing an additional 38,227 shares during the period. JPMorgan Chase & Co. bought a new position in Tortoise Energy Infrastructure in the 3rd quarter worth $624,000. Commerce Bank raised its holdings in Tortoise Energy Infrastructure by 2.2% in the 3rd quarter. Commerce Bank now owns 155,784 shares of the financial services provider’s stock worth $4,512,000 after purchasing an additional 3,367 shares during the period. Parkside Investments LLC raised its holdings in Tortoise Energy Infrastructure by 11.4% in the 3rd quarter. Parkside Investments LLC now owns 136,239 shares of the financial services provider’s stock worth $3,945,000 after purchasing an additional 13,902 shares during the period. Finally, Crescent Grove Advisors LLC raised its holdings in Tortoise Energy Infrastructure by 10.2% in the 3rd quarter. Crescent Grove Advisors LLC now owns 134,410 shares of the financial services provider’s stock worth $3,893,000 after purchasing an additional 12,434 shares during the period. 30.08% of the stock is currently owned by institutional investors.

In related news, insider Matthew Sallee bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were bought at an average cost of $25.47 per share, with a total value of $127,350.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Prudential Financial Inc purchased 25,000,000 shares of the business’s stock in a transaction on Monday, September 25th. The stock was acquired at an average price of $11,560,000.00 per share, with a total value of $289,000,000,000,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 25,007,740 shares of company stock worth $289,000,000,198,613. 0.33% of the stock is owned by insiders.

Shares of Tortoise Energy Infrastructure Corp. (NYSE TYG) traded up $0.37 during trading on Thursday, reaching $26.55. The company had a trading volume of 355,800 shares, compared to its average volume of 186,943. Tortoise Energy Infrastructure Corp. has a one year low of $24.30 and a one year high of $37.11.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Wednesday, November 22nd were issued a $0.655 dividend. The ex-dividend date was Tuesday, November 21st. This represents a $2.62 dividend on an annualized basis and a yield of 9.87%.

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Tortoise Energy Infrastructure Company 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.

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

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