Harbour Investments Inc. Cuts Stake in Tortoise Energy Infrastructure Corporation $TYG

Harbour Investments Inc. reduced its stake in shares of Tortoise Energy Infrastructure Corporation (NYSE:TYG) by 6.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,112 shares of the financial services provider’s stock after selling 348 shares during the quarter. Harbour Investments Inc.’s holdings in Tortoise Energy Infrastructure were worth $224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in TYG. Farther Finance Advisors LLC grew its holdings in Tortoise Energy Infrastructure by 756.6% during the 1st quarter. Farther Finance Advisors LLC now owns 1,225 shares of the financial services provider’s stock valued at $53,000 after buying an additional 1,082 shares in the last quarter. Spire Wealth Management grew its holdings in Tortoise Energy Infrastructure by 68.9% during the 1st quarter. Spire Wealth Management now owns 1,611 shares of the financial services provider’s stock valued at $69,000 after buying an additional 657 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Tortoise Energy Infrastructure by 47.6% in the second 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. Commerce Bank purchased a new position in shares of Tortoise Energy Infrastructure in the first quarter valued at $217,000. Finally, North Ground Capital purchased a new position in shares of Tortoise Energy Infrastructure in the first quarter valued at $223,000. 32.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tortoise Energy Infrastructure

In other Tortoise Energy Infrastructure news, major shareholder Prudential Financial Inc bought 1,500,000 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was purchased at an average cost of $10.00 per share, with a total value of $15,000,000.00. Following the completion of the acquisition, the insider owned 1,500,000 shares in the company, valued at $15,000,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.10% of the company’s stock.

Tortoise Energy Infrastructure Price Performance

TYG stock opened at $41.97 on Wednesday. The firm has a fifty day moving average price of $42.76 and a 200 day moving average price of $41.76. Tortoise Energy Infrastructure Corporation has a fifty-two week low of $33.73 and a fifty-two week high of $48.76.

Tortoise Energy Infrastructure Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 24th will be issued a $0.365 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a c) dividend on an annualized basis and a dividend yield of 10.4%.

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.