Tortoise Energy Infrastructure Corp. (NYSE:TYG) insider Terry Matlack acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was purchased at an average price of $26.13 per share, with a total value of $26,130.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Tortoise Energy Infrastructure Corp. (TYG) traded up $0.37 on Wednesday, reaching $26.55. The company’s stock had a trading volume of 355,806 shares, compared to its average volume of 186,943. Tortoise Energy Infrastructure Corp. has a twelve month low of $24.30 and a twelve month high of $37.11.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 22nd were issued a $0.655 dividend. The ex-dividend date was Tuesday, November 21st. This represents a $2.62 dividend on an annualized basis and a yield of 9.87%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC bought a new position in Tortoise Energy Infrastructure in the third quarter worth $184,000. WESPAC Advisors LLC bought a new position in Tortoise Energy Infrastructure in the second quarter worth $212,000. Colony Group LLC bought a new position in Tortoise Energy Infrastructure in the second quarter worth $228,000. Private Advisor Group LLC raised its holdings in Tortoise Energy Infrastructure by 0.3% in the second quarter. Private Advisor Group LLC now owns 8,141 shares of the financial services provider’s stock worth $242,000 after purchasing an additional 23 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT bought a new position in Tortoise Energy Infrastructure in the third quarter worth $299,000. Institutional investors and hedge funds own 30.08% of the company’s stock.
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About Tortoise Energy Infrastructure
Tortoise Energy Infrastructure Corporation (the Fund) is a non-diversified, closed-end management investment company. The Fund seeks a high level of total return with a focus on current distributions paid to stockholders. The Fund invests primarily in equity securities of master limited partnerships (MLPs) and their affiliates that transport, gather, process or store natural gas, natural gas liquids (NGLs), crude oil and refined petroleum products.
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