Penserra Capital Management LLC Has $5.21 Million Holdings in Tortoise Energy Infrastructure Corporation $TYG

Penserra Capital Management LLC grew its holdings in Tortoise Energy Infrastructure Corporation (NYSE:TYG) by 3.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 118,774 shares of the financial services provider’s stock after acquiring an additional 3,509 shares during the quarter. Penserra Capital Management LLC’s holdings in Tortoise Energy Infrastructure were worth $5,212,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of TYG. Advisors Asset Management Inc. raised its stake in Tortoise Energy Infrastructure by 10.2% during the 1st quarter. Advisors Asset Management Inc. now owns 425,793 shares of the financial services provider’s stock valued at $18,330,000 after purchasing an additional 39,572 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of Tortoise Energy Infrastructure by 50.6% during the first quarter. Raymond James Financial Inc. now owns 256,729 shares of the financial services provider’s stock valued at $11,052,000 after buying an additional 86,304 shares during the last quarter. Arete Wealth Advisors LLC lifted its stake in shares of Tortoise Energy Infrastructure by 2.6% in the first quarter. Arete Wealth Advisors LLC now owns 121,027 shares of the financial services provider’s stock valued at $5,210,000 after buying an additional 3,028 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Tortoise Energy Infrastructure by 2.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 107,988 shares of the financial services provider’s stock valued at $4,697,000 after buying an additional 2,554 shares during the period. Finally, LPL Financial LLC grew its position in Tortoise Energy Infrastructure by 60.5% during the first quarter. LPL Financial LLC now owns 101,371 shares of the financial services provider’s stock worth $4,364,000 after buying an additional 38,223 shares in the last quarter. Institutional investors own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Stock Performance

Shares of TYG opened at $42.85 on Monday. The stock’s 50-day moving average price is $42.74 and its 200 day moving average price is $42.28. Tortoise Energy Infrastructure Corporation has a 12-month low of $33.73 and a 12-month high of $48.76.

Tortoise Energy Infrastructure Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 24th were given a dividend of $0.365 per share. The ex-dividend date was Friday, October 24th. This represents a c) dividend on an annualized basis and a dividend yield of 10.2%.

Insider Activity at Tortoise Energy Infrastructure

In other news, major shareholder Prudential Financial Inc bought 1,500,000 shares of Tortoise Energy Infrastructure stock in a transaction that occurred on Thursday, August 21st. The stock was purchased at an average cost of $10.00 per share, with a total value of $15,000,000.00. Following the completion of the transaction, the insider directly owned 1,500,000 shares in the company, valued at $15,000,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Tortoise Energy Infrastructure Company 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.