North Ground Capital Invests $1.92 Million in Tortoise Energy Infrastructure Corporation $TYG

North Ground Capital bought a new position in Tortoise Energy Infrastructure Corporation (NYSE:TYG) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 44,800 shares of the financial services provider’s stock, valued at approximately $1,920,576. Tortoise Energy Infrastructure makes up 0.0% of North Ground Capital’s portfolio, making the stock its 16th biggest holding. North Ground Capital owned approximately 0.18% of Tortoise Energy Infrastructure at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Bard Associates Inc. bought a new position in shares of Tortoise Energy Infrastructure during the 2nd quarter valued at approximately $8,422,000. Closed End Fund Advisors Inc. purchased a new position in Tortoise Energy Infrastructure in the fourth quarter valued at about $3,000,000. Commerce Bank purchased a new stake in Tortoise Energy Infrastructure in the second quarter valued at approximately $2,951,000. Eagle Bluffs Wealth Management LLC grew its position in shares of Tortoise Energy Infrastructure by 74.0% in the 4th quarter. Eagle Bluffs Wealth Management LLC now owns 149,482 shares of the financial services provider’s stock worth $6,114,000 after acquiring an additional 63,588 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Tortoise Energy Infrastructure by 22.6% in the fourth quarter. Royal Bank of Canada now owns 333,131 shares of the financial services provider’s stock valued at $13,625,000 after buying an additional 61,432 shares during the period. 32.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tortoise Energy Infrastructure

In related news, Director Conrad S. Ciccotello acquired 4,107 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were bought at an average price of $42.24 per share, for a total transaction of $173,479.68. Following the completion of the transaction, the director directly owned 16,225 shares in the company, valued at approximately $685,344. This trade represents a 33.89% 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. Company insiders own 0.09% of the company’s stock.

Tortoise Energy Infrastructure Stock Up 0.1%

Shares of NYSE:TYG traded up $0.04 on Friday, hitting $43.45. The stock had a trading volume of 68,337 shares, compared to its average volume of 153,985. The firm’s 50 day moving average price is $43.33 and its 200-day moving average price is $45.89. Tortoise Energy Infrastructure Corporation has a twelve month low of $40.35 and a twelve month high of $51.18.

Tortoise Energy Infrastructure Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 23rd will be given a dividend of $0.475 per share. The ex-dividend date is Monday, November 23rd. This represents a c) dividend on an annualized basis and a yield of 13.1%.

Tortoise Energy Infrastructure Company Profile

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.