Sanctuary Advisors LLC Acquires 7,891 Shares of Tortoise Energy Infrastructure Co. (NYSE:TYG)

Sanctuary Advisors LLC lifted its holdings in Tortoise Energy Infrastructure Co. (NYSE:TYG) by 58.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 21,347 shares of the financial services provider’s stock after acquiring an additional 7,891 shares during the quarter. Sanctuary Advisors LLC owned 0.20% of Tortoise Energy Infrastructure worth $838,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Wolverine Asset Management LLC grew its position in Tortoise Energy Infrastructure by 7.2% during the 2nd quarter. Wolverine Asset Management LLC now owns 94,866 shares of the financial services provider’s stock worth $3,308,000 after acquiring an additional 6,337 shares during the last quarter. Carmichael Hill & Associates Inc. increased its stake in shares of Tortoise Energy Infrastructure by 9.4% in the second quarter. Carmichael Hill & Associates Inc. now owns 7,931 shares of the financial services provider’s stock worth $277,000 after buying an additional 682 shares during the period. Blue Bell Private Wealth Management LLC increased its stake in shares of Tortoise Energy Infrastructure by 27.9% in the second quarter. Blue Bell Private Wealth Management LLC now owns 2,934 shares of the financial services provider’s stock worth $102,000 after buying an additional 640 shares during the period. Almitas Capital LLC raised its holdings in Tortoise Energy Infrastructure by 157.6% during the 2nd quarter. Almitas Capital LLC now owns 25,457 shares of the financial services provider’s stock valued at $888,000 after buying an additional 15,576 shares during the last quarter. Finally, Ariadne Wealth Management LP purchased a new stake in Tortoise Energy Infrastructure during the 2nd quarter valued at $415,000. Hedge funds and other institutional investors own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Stock Performance

TYG stock opened at $42.46 on Tuesday. The firm’s 50-day moving average price is $42.66 and its two-hundred day moving average price is $38.41. Tortoise Energy Infrastructure Co. has a 12-month low of $28.01 and a 12-month high of $46.35.

Tortoise Energy Infrastructure Announces Dividend

The firm also recently declared a — dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be issued a dividend of $0.365 per share. The ex-dividend date is Friday, February 21st. This represents a yield of 7.4%.

Insider Buying and Selling at Tortoise Energy Infrastructure

In related news, major shareholder Prudential Financial Inc purchased 1,500,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average price of $10.00 per share, for a total transaction of $15,000,000.00. Following the completion of the acquisition, the insider now directly owns 1,500,000 shares in the company, valued at approximately $15,000,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.28% of the stock is currently owned by corporate insiders.

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.