Matisse Capital Sells 18,980 Shares of Tortoise Energy Infrastructure Co. (NYSE:TYG)

Matisse Capital lessened its holdings in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) by 23.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,020 shares of the financial services provider’s stock after selling 18,980 shares during the period. Tortoise Energy Infrastructure makes up about 1.3% of Matisse Capital’s portfolio, making the stock its 22nd biggest holding. Matisse Capital’s holdings in Tortoise Energy Infrastructure were worth $2,563,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new stake in shares of Tortoise Energy Infrastructure in the second quarter worth about $469,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Tortoise Energy Infrastructure in the third quarter worth approximately $82,000. Raymond James & Associates increased its holdings in Tortoise Energy Infrastructure by 679.7% in the 3rd quarter. Raymond James & Associates now owns 75,830 shares of the financial services provider’s stock valued at $2,976,000 after purchasing an additional 66,104 shares during the last quarter. Bayshore Asset Management LLC acquired a new stake in shares of Tortoise Energy Infrastructure during the third quarter worth about $688,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Tortoise Energy Infrastructure by 604.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 76,567 shares of the financial services provider’s stock worth $3,005,000 after purchasing an additional 65,695 shares in the last quarter. Hedge funds and other institutional investors own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Stock Performance

Shares of TYG opened at $45.39 on Tuesday. The firm’s fifty day simple moving average is $44.32 and its 200-day simple moving average is $40.59. Tortoise Energy Infrastructure Co. has a twelve month low of $28.43 and a twelve month high of $48.76.

Tortoise Energy Infrastructure Dividend Announcement

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

Insider Buying and Selling at Tortoise Energy Infrastructure

In other news, major shareholder Prudential Financial Inc purchased 1,500,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average cost 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 $15,000,000. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Saba Capital Management, L.P. sold 9,211 shares of the company’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $42.46, for a total transaction of $391,099.06. Following the transaction, the insider now directly owns 1,066,901 shares of the company’s stock, valued at approximately $45,300,616.46. This represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by company 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.