Strategic Advocates LLC Decreases Stock Position in Tortoise Energy Infrastructure Corporation $TYG

Strategic Advocates LLC trimmed its stake in shares of Tortoise Energy Infrastructure Corporation (NYSE:TYG) by 43.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,095 shares of the financial services provider’s stock after selling 10,176 shares during the quarter. Strategic Advocates LLC owned 0.12% of Tortoise Energy Infrastructure worth $564,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Penserra Capital Management LLC boosted its stake in shares of Tortoise Energy Infrastructure by 21.5% in the 3rd quarter. Penserra Capital Management LLC now owns 144,252 shares of the financial services provider’s stock valued at $6,215,000 after buying an additional 25,478 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in Tortoise Energy Infrastructure by 150.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 30,478 shares of the financial services provider’s stock valued at $1,338,000 after acquiring an additional 18,286 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Tortoise Energy Infrastructure by 29.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 139,778 shares of the financial services provider’s stock worth $6,076,000 after acquiring an additional 31,790 shares during the last quarter. Consolidated Portfolio Review Corp acquired a new position in Tortoise Energy Infrastructure during the 3rd quarter worth approximately $1,032,000. Finally, WJ Financial Advisors LLC purchased a new stake in shares of Tortoise Energy Infrastructure in the 3rd quarter valued at approximately $1,034,000. Hedge funds and other institutional investors own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Stock Performance

Shares of TYG opened at $50.91 on Wednesday. The firm’s fifty day simple moving average is $46.47 and its 200-day simple moving average is $43.98. Tortoise Energy Infrastructure Corporation has a twelve month low of $33.73 and a twelve month high of $51.01.

Tortoise Energy Infrastructure Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.475 per share. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date of this dividend is Friday, May 22nd.

About Tortoise Energy Infrastructure

Tortoise Energy Infrastructure Corp. (NYSE: TYG) is a closed-end management investment company that focuses on investing in energy infrastructure companies. Organized as a business development company under the Investment Company Act of 1940, it primarily acquires and manages a diversified portfolio of debt and equity securities issued by publicly traded and private energy infrastructure businesses. The company seeks to generate current income and long-term capital appreciation through selective investments across the energy value chain.

The firm’s investment strategy emphasizes midstream infrastructure, including pipeline transportation, storage, processing facilities, and terminals.