Allspring Global Investments Holdings LLC Sells 43,040 Shares of Tortoise Energy Infrastructure Corporation $TYG

Allspring Global Investments Holdings LLC reduced its stake in Tortoise Energy Infrastructure Corporation (NYSE:TYG) by 17.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 208,338 shares of the financial services provider’s stock after selling 43,040 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Tortoise Energy Infrastructure were worth $9,144,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Eagle Bluffs Wealth Management LLC lifted its position in shares of Tortoise Energy Infrastructure by 0.8% during the 2nd quarter. Eagle Bluffs Wealth Management LLC now owns 84,293 shares of the financial services provider’s stock worth $3,700,000 after buying an additional 666 shares during the period. Janney Montgomery Scott LLC raised its stake in Tortoise Energy Infrastructure by 5.9% during the second quarter. Janney Montgomery Scott LLC now owns 34,506 shares of the financial services provider’s stock worth $1,515,000 after acquiring an additional 1,908 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Tortoise Energy Infrastructure by 2.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 107,988 shares of the financial services provider’s stock valued at $4,697,000 after acquiring an additional 2,554 shares during the period. Strategic Advocates LLC lifted its holdings in shares of Tortoise Energy Infrastructure by 9.6% during the second quarter. Strategic Advocates LLC now owns 23,271 shares of the financial services provider’s stock valued at $1,021,000 after acquiring an additional 2,042 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Tortoise Energy Infrastructure by 47.6% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,100 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 1,000 shares in the last quarter. 32.50% of the stock is owned by institutional investors and hedge funds.

Tortoise Energy Infrastructure Stock Down 0.6%

TYG opened at $42.15 on Friday. The firm’s 50-day simple moving average is $42.80 and its 200-day simple moving average is $41.73. Tortoise Energy Infrastructure Corporation has a twelve month low of $33.73 and a twelve month high of $48.76.

Tortoise Energy Infrastructure Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 24th will be issued a dividend of $0.365 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a c) annualized dividend and a dividend yield of 10.4%.

Insider Activity

In other Tortoise Energy Infrastructure news, major shareholder Prudential Financial Inc bought 1,500,000 shares of Tortoise Energy Infrastructure stock in a transaction dated Thursday, August 21st. The shares were acquired at an average cost of $10.00 per share, with a total value of $15,000,000.00. Following the acquisition, the insider directly owned 1,500,000 shares of the company’s stock, valued at $15,000,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.10% of the company’s stock.

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.