Evolve Private Wealth LLC Invests $1.61 Million in Tortoise Energy Infrastructure Corporation $TYG

Evolve Private Wealth LLC purchased a new position in Tortoise Energy Infrastructure Corporation (NYSE:TYG) during the second quarter, Holdings Channel.com reports. The fund purchased 37,508 shares of the financial services provider’s stock, valued at approximately $1,608,000.

Other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp bought a new position in Tortoise Energy Infrastructure during the first quarter valued at $36,000. Parkside Financial Bank & Trust raised its stake in shares of Tortoise Energy Infrastructure by 42.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,000 shares of the financial services provider’s stock valued at $41,000 after buying an additional 300 shares during the period. Comerica Bank raised its stake in shares of Tortoise Energy Infrastructure by 27.8% in the fourth quarter. Comerica Bank now owns 1,111 shares of the financial services provider’s stock valued at $45,000 after buying an additional 242 shares during the period. Rockefeller Capital Management L.P. lifted its position in shares of Tortoise Energy Infrastructure by 255.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,892 shares of the financial services provider’s stock valued at $77,000 after buying an additional 1,360 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Tortoise Energy Infrastructure by 31.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,826 shares of the financial services provider’s stock valued at $165,000 after buying an additional 921 shares during the last quarter. Hedge funds and other institutional investors own 32.50% of the company’s stock.

Insider Buying and Selling at Tortoise Energy Infrastructure

In related news, Director Conrad S. Ciccotello acquired 4,107 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were bought at an average cost of $42.24 per share, for a total transaction of $173,479.68. Following the purchase, the director owned 16,225 shares in the company, valued at $685,344. This trade represents a 33.89% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.09% of the company’s stock.

Tortoise Energy Infrastructure Trading Down 0.1%

TYG stock opened at $44.74 on Friday. Tortoise Energy Infrastructure Corporation has a fifty-two week low of $40.35 and a fifty-two week high of $51.18. The stock has a fifty day moving average of $43.26 and a 200-day moving average of $45.91.

Tortoise Energy Infrastructure Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 23rd will be paid a $0.475 dividend. This represents a c) dividend on an annualized basis and a yield of 12.7%. The ex-dividend date is Monday, November 23rd.

About Tortoise Energy Infrastructure

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.