Andrew Iseman Acquires 3,000 Shares of Tortoise Energy Infrastructure (NYSE:TYG) Stock

Tortoise Energy Infrastructure Corporation (NYSE:TYG) Director Andrew Iseman purchased 3,000 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were acquired at an average price of $46.83 per share, for a total transaction of $140,490.00. Following the acquisition, the director owned 3,000 shares of the company’s stock, valued at $140,490. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Tortoise Energy Infrastructure Stock Up 0.7%

NYSE:TYG traded up $0.32 during trading hours on Friday, hitting $44.44. 89,138 shares of the company were exchanged, compared to its average volume of 82,993. Tortoise Energy Infrastructure Corporation has a one year low of $33.73 and a one year high of $48.76. The company has a fifty day simple moving average of $42.84 and a 200 day simple moving average of $42.37.

Tortoise Energy Infrastructure Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be given a dividend of $0.475 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date is Friday, February 20th.

Institutional Trading of Tortoise Energy Infrastructure

Several institutional investors have recently added to or reduced their stakes in TYG. Private Advisor Group LLC raised its holdings in Tortoise Energy Infrastructure by 30.7% during the 3rd quarter. Private Advisor Group LLC now owns 12,886 shares of the financial services provider’s stock worth $555,000 after purchasing an additional 3,030 shares during the last quarter. Consolidated Portfolio Review Corp acquired a new position in Tortoise Energy Infrastructure in the third quarter valued at $1,032,000. Monetary Management Group Inc. raised its position in shares of Tortoise Energy Infrastructure by 4.8% in the 3rd quarter. Monetary Management Group Inc. now owns 41,130 shares of the financial services provider’s stock worth $1,772,000 after acquiring an additional 1,900 shares in the last quarter. Arete Wealth Advisors LLC lifted its stake in Tortoise Energy Infrastructure by 7.4% in the third quarter. Arete Wealth Advisors LLC now owns 130,936 shares of the financial services provider’s stock valued at $5,642,000 after buying an additional 9,032 shares during the period. Finally, MGB Wealth Management LLC increased its stake in Tortoise Energy Infrastructure by 9.6% in the third quarter. MGB Wealth Management LLC now owns 26,190 shares of the financial services provider’s stock valued at $1,129,000 after purchasing an additional 2,294 shares in the last quarter. 32.50% of the stock is currently owned by institutional investors.

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.