Allspring Global Investments Holdings LLC Sells 43,040 Shares of Tortoise Energy Infrastructure Corporation $TYG

Allspring Global Investments Holdings LLC reduced its holdings in Tortoise Energy Infrastructure Corporation (NYSE:TYG) by 17.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 208,338 shares of the financial services provider’s stock after selling 43,040 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.94% of Tortoise Energy Infrastructure worth $9,144,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TYG. Farther Finance Advisors LLC increased its position in Tortoise Energy Infrastructure by 756.6% during the first quarter. Farther Finance Advisors LLC now owns 1,225 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 1,082 shares during the period. Spire Wealth Management grew its position in Tortoise Energy Infrastructure by 68.9% in the 1st quarter. Spire Wealth Management now owns 1,611 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 657 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Tortoise Energy Infrastructure by 47.6% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,100 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 1,000 shares during the period. Commerce Bank bought a new position in shares of Tortoise Energy Infrastructure during the 1st quarter worth about $217,000. Finally, North Ground Capital acquired a new position in shares of Tortoise Energy Infrastructure during the first quarter valued at about $223,000. 32.50% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Tortoise Energy Infrastructure news, major shareholder Prudential Financial Inc purchased 1,500,000 shares of the firm’s stock in a transaction on Thursday, August 21st. 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 directly owned 1,500,000 shares of the company’s stock, valued at approximately $15,000,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Tortoise Energy Infrastructure Price Performance

TYG stock opened at $42.15 on Friday. Tortoise Energy Infrastructure Corporation has a twelve month low of $33.73 and a twelve month high of $48.76. The business’s 50-day simple moving average is $42.80 and its 200 day simple moving average is $41.73.

Tortoise Energy Infrastructure Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 24th will be given a $0.365 dividend. This represents a c) annualized dividend and a yield of 10.4%. The ex-dividend date of this dividend is Friday, October 24th.

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.