Mariner LLC Acquires 5,342 Shares of Tortoise Energy Infrastructure Co. (NYSE:TYG)

Mariner LLC grew its holdings in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) by 20.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 31,495 shares of the financial services provider’s stock after purchasing an additional 5,342 shares during the period. Mariner LLC’s holdings in Tortoise Energy Infrastructure were worth $1,323,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TYG. Diversified Trust Co bought a new position in Tortoise Energy Infrastructure during the 4th quarter worth $482,000. Eastern Bank acquired a new position in shares of Tortoise Energy Infrastructure in the fourth quarter worth approximately $124,000. First National Bank of Mount Dora Trust Investment Services bought a new stake in Tortoise Energy Infrastructure in the fourth quarter valued at approximately $205,000. LongView Wealth Management acquired a new stake in Tortoise Energy Infrastructure during the 4th quarter valued at approximately $294,000. Finally, Bayshore Asset Management LLC raised its holdings in Tortoise Energy Infrastructure by 6.6% during the 4th quarter. Bayshore Asset Management LLC now owns 18,679 shares of the financial services provider’s stock worth $785,000 after purchasing an additional 1,152 shares during the last quarter. Institutional investors and hedge funds own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Stock Performance

Shares of NYSE TYG opened at $39.49 on Friday. Tortoise Energy Infrastructure Co. has a 52-week low of $30.73 and a 52-week high of $48.76. The company’s 50 day moving average price is $41.24 and its 200-day moving average price is $42.70.

Tortoise Energy Infrastructure Dividend Announcement

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

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.