Arete Wealth Advisors LLC Sells 13,325 Shares of Tortoise Energy Infrastructure Co. (NYSE:TYG)

Arete Wealth Advisors LLC lowered its stake in Tortoise Energy Infrastructure Co. (NYSE:TYG) by 10.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 117,999 shares of the financial services provider’s stock after selling 13,325 shares during the period. Arete Wealth Advisors LLC owned approximately 1.10% of Tortoise Energy Infrastructure worth $4,970,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kercheville Advisors LLC bought a new position in Tortoise Energy Infrastructure in the 4th quarter valued at about $480,000. Financial Advocates Investment Management boosted its position in shares of Tortoise Energy Infrastructure by 337.1% during the 4th quarter. Financial Advocates Investment Management now owns 31,059 shares of the financial services provider’s stock worth $1,304,000 after acquiring an additional 23,953 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in Tortoise Energy Infrastructure by 625.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,192 shares of the financial services provider’s stock valued at $512,000 after acquiring an additional 10,512 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Tortoise Energy Infrastructure by 39.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 31,715 shares of the financial services provider’s stock valued at $1,332,000 after purchasing an additional 9,007 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in Tortoise Energy Infrastructure by 58.6% during the third quarter. Sanctuary Advisors LLC now owns 21,347 shares of the financial services provider’s stock worth $838,000 after purchasing an additional 7,891 shares during the last quarter. Institutional investors and hedge funds own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Stock Up 0.3 %

Shares of TYG stock opened at $43.60 on Thursday. Tortoise Energy Infrastructure Co. has a fifty-two week low of $29.54 and a fifty-two week high of $48.76. The stock’s fifty day moving average price is $43.96 and its two-hundred day moving average price is $42.89.

Tortoise Energy Infrastructure Announces Dividend

The business also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th were given a $0.365 dividend. The ex-dividend date was Monday, March 24th. This represents a yield of 10%.

About Tortoise Energy Infrastructure

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.