Commonwealth Equity Services LLC Decreases Stock Holdings in Tortoise Energy Infrastructure Co. (NYSE:TYG)

Commonwealth Equity Services LLC reduced its stake in Tortoise Energy Infrastructure Co. (NYSE:TYG) by 58.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,956 shares of the financial services provider’s stock after selling 15,266 shares during the period. Commonwealth Equity Services LLC owned 0.10% of Tortoise Energy Infrastructure worth $382,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Garner Asset Management Corp acquired a new position in Tortoise Energy Infrastructure during the 4th quarter worth approximately $97,000. Transcend Capital Advisors LLC acquired a new position in Tortoise Energy Infrastructure in the 2nd quarter valued at about $320,000. SeaCrest Wealth Management LLC boosted its stake in shares of Tortoise Energy Infrastructure by 37.4% during the 1st quarter. SeaCrest Wealth Management LLC now owns 11,729 shares of the financial services provider’s stock worth $363,000 after purchasing an additional 3,192 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Tortoise Energy Infrastructure by 48.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 10,872 shares of the financial services provider’s stock worth $379,000 after buying an additional 3,561 shares in the last quarter. Finally, John G Ullman & Associates Inc. increased its stake in Tortoise Energy Infrastructure by 49.9% in the first quarter. John G Ullman & Associates Inc. now owns 15,041 shares of the financial services provider’s stock valued at $465,000 after purchasing an additional 5,006 shares during the last quarter. Institutional investors and hedge funds own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Stock Down 0.3 %

Shares of TYG opened at $37.78 on Monday. The stock’s fifty day simple moving average is $35.90 and its 200 day simple moving average is $33.58. Tortoise Energy Infrastructure Co. has a twelve month low of $26.77 and a twelve month high of $38.36.

Tortoise Energy Infrastructure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 23rd were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 8.26%. This is a boost from Tortoise Energy Infrastructure’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Friday, August 23rd.

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.