Tortoise Energy Infrastructure Corp. (NYSE:TYG) insider Matthew Sallee purchased 5,000 shares of the stock in a transaction dated Thursday, November 30th. The shares were purchased at an average cost of $25.47 per share, for a total transaction of $127,350.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of Tortoise Energy Infrastructure Corp. (NYSE TYG) traded up $0.39 during mid-day trading on Friday, hitting $26.25. 317,191 shares of the stock traded hands, compared to its average volume of 322,436. Tortoise Energy Infrastructure Corp. has a 1 year low of $24.30 and a 1 year high of $37.11.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Wednesday, November 22nd were given a dividend of $0.655 per share. The ex-dividend date was Tuesday, November 21st. This represents a $2.62 annualized dividend and a dividend yield of 9.98%. Tortoise Energy Infrastructure’s payout ratio is -18.82%.

Several hedge funds have recently made changes to their positions in the company. Uniplan Investment Counsel Inc. boosted its position in shares of Tortoise Energy Infrastructure by 9.2% during the 2nd quarter. Uniplan Investment Counsel Inc. now owns 929,294 shares of the financial services provider’s stock valued at $28,241,000 after acquiring an additional 78,354 shares during the last quarter. UMB Bank N A MO raised its holdings in Tortoise Energy Infrastructure by 7.2% in the 2nd quarter. UMB Bank N A MO now owns 535,566 shares of the financial services provider’s stock valued at $16,276,000 after buying an additional 35,901 shares during the period. Cedar Hill Associates LLC raised its holdings in Tortoise Energy Infrastructure by 7.4% in the 3rd quarter. Cedar Hill Associates LLC now owns 419,044 shares of the financial services provider’s stock valued at $12,135,000 after buying an additional 28,990 shares during the period. Advisors Asset Management Inc. raised its holdings in Tortoise Energy Infrastructure by 4.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 323,639 shares of the financial services provider’s stock valued at $9,835,000 after buying an additional 12,454 shares during the period. Finally, Paragon Capital Management LLC raised its holdings in Tortoise Energy Infrastructure by 14.8% in the 3rd quarter. Paragon Capital Management LLC now owns 296,881 shares of the financial services provider’s stock valued at $8,597,000 after buying an additional 38,227 shares during the period. 30.07% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This report was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/12/02/matthew-sallee-acquires-5000-shares-of-tortoise-energy-infrastructure-corp-tyg-stock.html.

About Tortoise Energy Infrastructure

Tortoise Energy Infrastructure Corporation (the Fund) is a non-diversified, closed-end management investment company. The Fund seeks a high level of total return with a focus on current distributions paid to stockholders. 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.

Insider Buying and Selling by Quarter for Tortoise Energy Infrastructure (NYSE:TYG)

Receive News & Stock Ratings for Tortoise Energy Infrastructure Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tortoise Energy Infrastructure Corp. and related stocks with our FREE daily email newsletter.