180 Wealth Advisors LLC Has $1.68 Million Stake in Tortoise Energy Infrastructure Co. (NYSE:TYG)

180 Wealth Advisors LLC grew its stake in Tortoise Energy Infrastructure Co. (NYSE:TYG) by 0.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,347 shares of the financial services provider’s stock after purchasing an additional 348 shares during the period. 180 Wealth Advisors LLC owned about 0.48% of Tortoise Energy Infrastructure worth $1,680,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Saba Capital Management L.P. grew its holdings in shares of Tortoise Energy Infrastructure by 16.1% during the third quarter. Saba Capital Management L.P. now owns 464,622 shares of the financial services provider’s stock worth $13,428,000 after purchasing an additional 64,461 shares during the last quarter. Advisors Asset Management Inc. increased its position in Tortoise Energy Infrastructure by 27.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 224,356 shares of the financial services provider’s stock valued at $6,484,000 after acquiring an additional 48,167 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of Tortoise Energy Infrastructure during the fourth quarter worth $1,070,000. Matisse Capital grew its stake in shares of Tortoise Energy Infrastructure by 155.4% in the fourth quarter. Matisse Capital now owns 58,814 shares of the financial services provider’s stock worth $1,692,000 after purchasing an additional 35,790 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new stake in Tortoise Energy Infrastructure in the fourth quarter valued at $696,000. 32.50% of the stock is owned by institutional investors.

Tortoise Energy Infrastructure Stock Up 0.5 %

TYG traded up $0.18 during midday trading on Friday, hitting $34.58. 5,492 shares of the company were exchanged, compared to its average volume of 43,511. The firm’s 50 day moving average price is $32.94 and its 200-day moving average price is $30.63. Tortoise Energy Infrastructure Co. has a 1-year low of $26.77 and a 1-year high of $35.32.

Tortoise Energy Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 24th were paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 8.21%. The ex-dividend date was Thursday, May 23rd.

Tortoise Energy Infrastructure Company 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.