Tortoise Energy Infrastructure Co. (NYSE:TYG) Holdings Lifted by Blue Bell Private Wealth Management LLC

Blue Bell Private Wealth Management LLC increased its holdings in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) by 42.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,174 shares of the financial services provider’s stock after buying an additional 1,240 shares during the quarter. Blue Bell Private Wealth Management LLC’s holdings in Tortoise Energy Infrastructure were worth $175,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Advisors Asset Management Inc. grew its holdings in shares of Tortoise Energy Infrastructure by 12.9% during the third quarter. Advisors Asset Management Inc. now owns 251,075 shares of the financial services provider’s stock valued at $9,855,000 after buying an additional 28,661 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Tortoise Energy Infrastructure during the fourth quarter valued at $7,158,000. Meixler Investment Management Ltd. purchased a new position in shares of Tortoise Energy Infrastructure during the fourth quarter valued at $5,151,000. Eagle Bluffs Wealth Management LLC grew its holdings in shares of Tortoise Energy Infrastructure by 0.8% during the third quarter. Eagle Bluffs Wealth Management LLC now owns 105,903 shares of the financial services provider’s stock valued at $4,157,000 after buying an additional 865 shares in the last quarter. Finally, De Lisle Partners LLP grew its holdings in shares of Tortoise Energy Infrastructure by 42.3% during the third quarter. De Lisle Partners LLP now owns 66,093 shares of the financial services provider’s stock valued at $2,593,000 after buying an additional 19,644 shares in the last quarter. Hedge funds and other institutional investors own 32.50% of the company’s stock.

Insider Buying and Selling at Tortoise Energy Infrastructure

In other news, major shareholder Prudential Financial Inc bought 1,500,000 shares of the stock in a transaction on Wednesday, December 18th. The shares were purchased at an average price of $10.00 per share, for a total transaction of $15,000,000.00. Following the completion of the purchase, the insider now directly owns 1,500,000 shares of the company’s stock, valued at $15,000,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Saba Capital Management, L.P. sold 9,211 shares of the business’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $42.46, for a total value of $391,099.06. Following the completion of the transaction, the insider now owns 1,066,901 shares in the company, valued at $45,300,616.46. This trade represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.

Tortoise Energy Infrastructure Trading Up 0.2 %

Shares of TYG stock opened at $40.98 on Friday. Tortoise Energy Infrastructure Co. has a 1-year low of $29.18 and a 1-year high of $48.76. The stock’s fifty day simple moving average is $44.55 and its 200-day simple moving average is $41.96.

Tortoise Energy Infrastructure Dividend Announcement

The company also recently announced a — dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 23rd will be paid a $0.365 dividend. The ex-dividend date is Friday, May 23rd. This represents a yield of 8.4%.

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.