Paragon Capital Management LLC lifted its holdings in shares of Tortoise Energy Infrastructure Corp. (NYSE:TYG) by 6.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 159,671 shares of the financial services provider’s stock after acquiring an additional 9,467 shares during the quarter. Tortoise Energy Infrastructure makes up about 1.8% of Paragon Capital Management LLC’s portfolio, making the stock its 22nd biggest holding. Paragon Capital Management LLC owned 0.30% of Tortoise Energy Infrastructure worth $3,752,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of TYG. LPL Financial LLC boosted its stake in shares of Tortoise Energy Infrastructure by 4.8% during the 3rd quarter. LPL Financial LLC now owns 50,828 shares of the financial services provider’s stock worth $1,369,000 after acquiring an additional 2,335 shares during the period. Morgan Stanley boosted its stake in Tortoise Energy Infrastructure by 2.5% in the 3rd quarter. Morgan Stanley now owns 2,209,997 shares of the financial services provider’s stock valued at $59,516,000 after purchasing an additional 54,160 shares during the period. Belpointe Asset Management LLC bought a new stake in Tortoise Energy Infrastructure in the 3rd quarter valued at $130,000. Private Trust Co. NA boosted its stake in Tortoise Energy Infrastructure by 10.9% in the 4th quarter. Private Trust Co. NA now owns 10,880 shares of the financial services provider’s stock valued at $216,000 after purchasing an additional 1,066 shares during the period. Finally, Sit Investment Associates Inc. boosted its stake in Tortoise Energy Infrastructure by 12.7% in the 4th quarter. Sit Investment Associates Inc. now owns 606,001 shares of the financial services provider’s stock valued at $12,059,000 after purchasing an additional 68,224 shares during the period. Institutional investors own 28.20% of the company’s stock.

NYSE TYG traded down $0.12 during midday trading on Monday, hitting $23.77. The company had a trading volume of 203,519 shares, compared to its average volume of 150,185. Tortoise Energy Infrastructure Corp. has a twelve month low of $18.36 and a twelve month high of $30.50.

WARNING: This piece was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2019/04/15/paragon-capital-management-llc-has-3-75-million-holdings-in-tortoise-energy-infrastructure-corp-tyg.html.

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.

Featured Article: The Structure of a Futures Contract

Want to see what other hedge funds are holding TYG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tortoise Energy Infrastructure Corp. (NYSE:TYG).

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

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