Commerce Bank lowered its position in Tortoise Energy Infrastructure Corp. (NYSE:TYG) by 1.2% in the first quarter, Holdings Channel reports. The fund owned 487,652 shares of the financial services provider’s stock after selling 5,830 shares during the quarter. Commerce Bank’s holdings in Tortoise Energy Infrastructure were worth $11,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in TYG. Shorepoint Capital Partners LLC acquired a new stake in Tortoise Energy Infrastructure in the first quarter valued at $9,427,000. Parkside Investments LLC lifted its stake in shares of Tortoise Energy Infrastructure by 105.5% during the 4th quarter. Parkside Investments LLC now owns 537,387 shares of the financial services provider’s stock worth $10,694,000 after buying an additional 275,861 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of Tortoise Energy Infrastructure during the 1st quarter worth about $4,044,000. First Republic Investment Management Inc. lifted its stake in shares of Tortoise Energy Infrastructure by 67.7% during the 1st quarter. First Republic Investment Management Inc. now owns 273,638 shares of the financial services provider’s stock worth $6,430,000 after buying an additional 110,506 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in shares of Tortoise Energy Infrastructure by 77.5% during the 1st quarter. Raymond James & Associates now owns 241,817 shares of the financial services provider’s stock worth $5,683,000 after buying an additional 105,577 shares during the last quarter. Hedge funds and other institutional investors own 29.95% of the company’s stock.

NYSE TYG opened at $23.96 on Thursday. Tortoise Energy Infrastructure Corp. has a 52-week low of $18.36 and a 52-week high of $30.20.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 24th will be paid a dividend of $0.655 per share. This represents a $2.62 dividend on an annualized basis and a dividend yield of 10.93%. The ex-dividend date is Thursday, May 23rd.

COPYRIGHT VIOLATION WARNING: “Tortoise Energy Infrastructure Corp. (TYG) Holdings Reduced by Commerce Bank” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this news story can be read at https://www.thecerbatgem.com/2019/05/23/tortoise-energy-infrastructure-corp-tyg-holdings-reduced-by-commerce-bank.html.

About Tortoise Energy Infrastructure

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.

Further Reading: Intrinsic Value

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.