Sit Investment Associates Inc. cut its position in Tortoise Energy Infrastructure Corp. (NYSE:TYG) by 50.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 567,529 shares of the company’s stock after selling 578,027 shares during the period. Sit Investment Associates Inc.’s holdings in Tortoise Energy Infrastructure Corp. were worth $17,469,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Hartford Financial Management Inc. purchased a new position in shares of Tortoise Energy Infrastructure Corp. during the second quarter valued at approximately $130,000. Private Bank & Trust Co. purchased a new position in shares of Tortoise Energy Infrastructure Corp. during the second quarter valued at approximately $202,000. Estate Counselors LLC purchased a new position in shares of Tortoise Energy Infrastructure Corp. during the second quarter valued at approximately $321,000. First Republic Investment Management Inc. increased its position in shares of Tortoise Energy Infrastructure Corp. by 13.7% in the first quarter. First Republic Investment Management Inc. now owns 33,913 shares of the company’s stock valued at $834,000 after buying an additional 4,089 shares during the last quarter. Finally, Pennsylvania Trust Co increased its position in shares of Tortoise Energy Infrastructure Corp. by 0.5% in the second quarter. Pennsylvania Trust Co now owns 48,966 shares of the company’s stock valued at $1,507,000 after buying an additional 240 shares during the last quarter. Hedge funds and other institutional investors own 29.22% of the company’s stock.

Institutional Ownership by Quarter for Tortoise Energy Infrastructure Corp. (NYSE:TYG)

Tortoise Energy Infrastructure Corp. (NYSE:TYG) traded up 0.77% during midday trading on Wednesday, reaching $29.96. 79,701 shares of the company’s stock traded hands. Tortoise Energy Infrastructure Corp. has a 1-year low of $18.50 and a 1-year high of $33.05. The firm’s 50-day moving average is $30.60 and its 200-day moving average is $29.36.

Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Tortoise Energy Infrastructure Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th. Stifel Nicolaus upped their price target on shares of Tortoise Energy Infrastructure Corp. from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, July 28th.

About Tortoise Energy Infrastructure Corp.

Tortoise Energy Infrastructure Corporation (the Fund) is a non-diversified, closed-end management investment company. The Fund’s primary objective is to seek a high level of total return with an emphasis on current distributions. The Fund invests primarily in equity securities of master limited partnerships (MLPs) and their affiliates that transport, gather, process or store natural gas, natural gas liquids (NGLs), crude oil and refined petroleum products.

5 Day Chart for NYSE:TYG

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