180 Wealth Advisors LLC lifted its stake in Tortoise Energy Infrastructure Corp. (NYSE:TYG) by 21.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 81,805 shares of the financial services provider’s stock after purchasing an additional 14,521 shares during the period. 180 Wealth Advisors LLC’s holdings in Tortoise Energy Infrastructure were worth $1,590,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in TYG. Bank of America Corp DE grew its stake in shares of Tortoise Energy Infrastructure by 20.9% in the second quarter. Bank of America Corp DE now owns 1,235,233 shares of the financial services provider’s stock worth $27,855,000 after acquiring an additional 213,448 shares during the period. Alpine Global Management LLC bought a new stake in Tortoise Energy Infrastructure during the fourth quarter valued at approximately $3,513,000. Uniplan Investment Counsel Inc. grew its position in Tortoise Energy Infrastructure by 15.2% during the second quarter. Uniplan Investment Counsel Inc. now owns 640,969 shares of the financial services provider’s stock valued at $12,755,000 after buying an additional 84,552 shares during the period. BKD Wealth Advisors LLC grew its position in Tortoise Energy Infrastructure by 119.3% during the third quarter. BKD Wealth Advisors LLC now owns 121,780 shares of the financial services provider’s stock valued at $2,490,000 after buying an additional 66,250 shares during the period. Finally, Amussen Hunsaker Associates LLC grew its position in Tortoise Energy Infrastructure by 75.5% during the second quarter. Amussen Hunsaker Associates LLC now owns 34,367 shares of the financial services provider’s stock valued at $774,000 after buying an additional 14,781 shares during the period. Hedge funds and other institutional investors own 30.64% of the company’s stock.
NYSE TYG traded down $0.10 during trading hours on Friday, hitting $19.38. 2,046 shares of the company’s stock traded hands, compared to its average volume of 491,100. The business’s fifty day moving average price is $18.11 and its two-hundred day moving average price is $19.90. Tortoise Energy Infrastructure Corp. has a 52 week low of $16.41 and a 52 week high of $25.47.
Tortoise Energy Infrastructure 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.
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