WCG Wealth Advisors LLC Acquires Shares of 13,628 Tortoise Energy Infrastructure Corporation $TYG

WCG Wealth Advisors LLC acquired a new stake in Tortoise Energy Infrastructure Corporation (NYSE:TYG) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 13,628 shares of the financial services provider’s stock, valued at approximately $557,000.

Other hedge funds also recently bought and sold shares of the company. Consolidated Portfolio Review Corp acquired a new stake in shares of Tortoise Energy Infrastructure during the 3rd quarter worth approximately $1,032,000. Bard Associates Inc. increased its holdings in shares of Tortoise Energy Infrastructure by 584.0% during the 3rd quarter. Bard Associates Inc. now owns 114,419 shares of the financial services provider’s stock worth $4,930,000 after buying an additional 97,692 shares during the last quarter. WJ Financial Advisors LLC acquired a new stake in shares of Tortoise Energy Infrastructure during the 3rd quarter worth approximately $1,034,000. Alpine Global Management LLC acquired a new stake in shares of Tortoise Energy Infrastructure during the 3rd quarter worth approximately $950,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Tortoise Energy Infrastructure by 19.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 167,078 shares of the financial services provider’s stock worth $6,910,000 after buying an additional 27,300 shares during the last quarter. Institutional investors and hedge funds own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Stock Performance

Shares of NYSE TYG opened at $43.25 on Friday. The company has a 50 day simple moving average of $47.08 and a 200-day simple moving average of $45.74. Tortoise Energy Infrastructure Corporation has a 1 year low of $40.35 and a 1 year high of $51.18.

Tortoise Energy Infrastructure Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a dividend of $0.475 per share. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 13.2%.

Tortoise Energy Infrastructure Profile

Tortoise Energy Infrastructure Corp. (NYSE: TYG) is a closed-end management investment company that focuses on investing in energy infrastructure companies. Organized as a business development company under the Investment Company Act of 1940, it primarily acquires and manages a diversified portfolio of debt and equity securities issued by publicly traded and private energy infrastructure businesses. The company seeks to generate current income and long-term capital appreciation through selective investments across the energy value chain.

The firm’s investment strategy emphasizes midstream infrastructure, including pipeline transportation, storage, processing facilities, and terminals.