106,305 Shares in Tortoise Energy Infrastructure Corporation $TYG Acquired by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC bought a new stake in Tortoise Energy Infrastructure Corporation (NYSE:TYG) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 106,305 shares of the financial services provider’s stock, valued at approximately $4,557,000. Rivernorth Capital Management LLC owned 0.42% of Tortoise Energy Infrastructure as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Fifth Third Bancorp acquired a new position in Tortoise Energy Infrastructure in the first quarter valued at about $36,000. Parkside Financial Bank & Trust lifted its holdings in shares of Tortoise Energy Infrastructure by 42.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,000 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 300 shares during the last quarter. Comerica Bank boosted its position in shares of Tortoise Energy Infrastructure by 27.8% during the 4th quarter. Comerica Bank now owns 1,111 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 242 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in Tortoise Energy Infrastructure in the 2nd quarter valued at approximately $54,000. Finally, Rockefeller Capital Management L.P. raised its position in Tortoise Energy Infrastructure by 255.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,892 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 1,360 shares during the period. Institutional investors and hedge funds own 32.50% of the company’s stock.

Insider Transactions at Tortoise Energy Infrastructure

In other Tortoise Energy Infrastructure news, Director Conrad S. Ciccotello purchased 4,107 shares of Tortoise Energy Infrastructure stock in a transaction dated Thursday, June 25th. The shares were acquired at an average price of $42.24 per share, with a total value of $173,479.68. Following the completion of the transaction, the director owned 16,225 shares of the company’s stock, valued at $685,344. This trade represents a 33.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.09% of the stock is owned by company insiders.

Tortoise Energy Infrastructure Stock Performance

TYG opened at $43.45 on Monday. Tortoise Energy Infrastructure Corporation has a 52 week low of $40.35 and a 52 week high of $51.18. The business has a fifty day simple moving average of $43.35 and a 200-day simple moving average of $45.87.

Tortoise Energy Infrastructure Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 23rd will be given a $0.475 dividend. This represents a c) annualized dividend and a yield of 13.1%. The ex-dividend date of this dividend is Monday, November 23rd.

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.