UBS Group AG Has $2.83 Million Position in Tortoise Energy Infrastructure Corporation $TYG

UBS Group AG grew its holdings in Tortoise Energy Infrastructure Corporation (NYSE:TYG) by 71.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 69,068 shares of the financial services provider’s stock after purchasing an additional 28,877 shares during the quarter. UBS Group AG owned about 0.64% of Tortoise Energy Infrastructure worth $2,825,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hartford Financial Management Inc. boosted its stake in Tortoise Energy Infrastructure by 49.2% in the fourth quarter. Hartford Financial Management Inc. now owns 1,244 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 410 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Tortoise Energy Infrastructure by 600.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,100 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 1,800 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in Tortoise Energy Infrastructure by 31.7% in the third quarter. CIBC Private Wealth Group LLC now owns 3,826 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 921 shares in the last quarter. Walleye Capital LLC acquired a new position in Tortoise Energy Infrastructure in the second quarter worth $203,000. Finally, Integrated Wealth Concepts LLC acquired a new position in Tortoise Energy Infrastructure in the third quarter worth $213,000. Institutional investors and hedge funds own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Price Performance

Tortoise Energy Infrastructure stock opened at $46.04 on Tuesday. Tortoise Energy Infrastructure Corporation has a 52 week low of $39.93 and a 52 week high of $51.18. The business’s fifty day moving average is $48.12 and its two-hundred day moving average is $45.73.

Tortoise Energy Infrastructure Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a dividend of $0.475 per share. This represents a c) annualized dividend and a dividend yield of 12.4%. The ex-dividend date of this dividend is Monday, August 24th.

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.