Bard Associates Inc. grew its stake in shares of Tortoise Energy Infrastructure Corporation (NYSE:TYG – Free Report) by 71.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 195,725 shares of the financial services provider’s stock after acquiring an additional 81,306 shares during the quarter. Tortoise Energy Infrastructure accounts for 2.1% of Bard Associates Inc.’s portfolio, making the stock its 11th largest position. Bard Associates Inc.’s holdings in Tortoise Energy Infrastructure were worth $8,005,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of TYG. Consolidated Portfolio Review Corp purchased a new stake in shares of Tortoise Energy Infrastructure in the third quarter valued at $1,032,000. WJ Financial Advisors LLC purchased a new stake in shares of Tortoise Energy Infrastructure in the third quarter valued at $1,034,000. Alpine Global Management LLC purchased a new stake in shares of Tortoise Energy Infrastructure in the third quarter valued at $950,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Tortoise Energy Infrastructure by 19.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 167,078 shares of the financial services provider’s stock valued at $6,910,000 after purchasing an additional 27,300 shares during the period. Finally, Manhattan West Asset Management LLC purchased a new stake in shares of Tortoise Energy Infrastructure in the third quarter valued at $505,000. Hedge funds and other institutional investors own 32.50% of the company’s stock.
Tortoise Energy Infrastructure Stock Up 0.5%
Shares of NYSE:TYG opened at $42.77 on Friday. Tortoise Energy Infrastructure Corporation has a 52 week low of $40.35 and a 52 week high of $51.18. The business has a fifty day simple moving average of $46.43 and a 200-day simple moving average of $45.70.
Tortoise Energy Infrastructure Dividend Announcement
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.
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