Arete Wealth Advisors LLC Sells 649 Shares of Tortoise Energy Infrastructure Co. (NYSE:TYG)

Arete Wealth Advisors LLC decreased its position in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) by 0.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 131,324 shares of the financial services provider’s stock after selling 649 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Tortoise Energy Infrastructure were worth $5,159,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TYG. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Tortoise Energy Infrastructure during the third quarter valued at $82,000. Blue Bell Private Wealth Management LLC boosted its stake in shares of Tortoise Energy Infrastructure by 27.9% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 2,934 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 640 shares during the last quarter. Carmichael Hill & Associates Inc. grew its position in shares of Tortoise Energy Infrastructure by 9.4% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 7,931 shares of the financial services provider’s stock worth $277,000 after buying an additional 682 shares during the period. Bard Associates Inc. bought a new stake in shares of Tortoise Energy Infrastructure during the third quarter worth approximately $356,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Tortoise Energy Infrastructure by 48.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 10,872 shares of the financial services provider’s stock valued at $379,000 after buying an additional 3,561 shares during the period. 32.50% of the stock is owned by institutional investors and hedge funds.

Tortoise Energy Infrastructure Stock Down 3.2 %

TYG opened at $43.76 on Wednesday. The company has a fifty day moving average price of $42.29 and a two-hundred day moving average price of $37.80. Tortoise Energy Infrastructure Co. has a 52 week low of $27.44 and a 52 week high of $46.35.

Tortoise Energy Infrastructure Announces Dividend

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

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.