7,824 Shares in Tortoise Energy Infrastructure Co. (NYSE:TYG) Acquired by Calamos Advisors LLC

Calamos Advisors LLC acquired a new position in Tortoise Energy Infrastructure Co. (NYSE:TYG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,824 shares of the financial services provider’s stock, valued at approximately $329,000. Calamos Advisors LLC owned approximately 0.07% of Tortoise Energy Infrastructure as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Hartford Financial Management Inc. increased its holdings in Tortoise Energy Infrastructure by 37.5% in the 4th quarter. Hartford Financial Management Inc. now owns 803 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 219 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of Tortoise Energy Infrastructure by 6.0% in the third quarter. D.A. Davidson & CO. now owns 11,636 shares of the financial services provider’s stock valued at $457,000 after buying an additional 661 shares in the last quarter. Eagle Bluffs Wealth Management LLC raised its holdings in shares of Tortoise Energy Infrastructure by 0.8% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 105,903 shares of the financial services provider’s stock valued at $4,157,000 after buying an additional 865 shares during the period. DAVENPORT & Co LLC lifted its position in Tortoise Energy Infrastructure by 13.6% during the 4th quarter. DAVENPORT & Co LLC now owns 7,622 shares of the financial services provider’s stock worth $320,000 after acquiring an additional 915 shares in the last quarter. Finally, Bayshore Asset Management LLC boosted its holdings in Tortoise Energy Infrastructure by 6.6% in the 4th quarter. Bayshore Asset Management LLC now owns 18,679 shares of the financial services provider’s stock worth $785,000 after acquiring an additional 1,152 shares during the period. Institutional investors and hedge funds own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Trading Up 1.0 %

TYG opened at $46.19 on Thursday. The firm’s 50 day moving average is $44.35 and its 200-day moving average is $40.70. Tortoise Energy Infrastructure Co. has a 52-week low of $28.43 and a 52-week high of $48.76.

Tortoise Energy Infrastructure Announces Dividend

The company also recently declared a — dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be paid a dividend of $0.365 per share. This represents a yield of 7.4%. The ex-dividend date of this dividend is Friday, February 21st.

Insider Buying and Selling

In related news, major shareholder Prudential Financial Inc purchased 1,500,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were purchased at an average cost of $10.00 per share, with a total value of $15,000,000.00. Following the completion of the acquisition, the insider now directly owns 1,500,000 shares of the company’s stock, valued at approximately $15,000,000. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Saba Capital Management, L.P. sold 9,211 shares of the company’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $42.46, for a total transaction of $391,099.06. Following the completion of the sale, the insider now directly owns 1,066,901 shares in the company, valued at $45,300,616.46. This represents a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.

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.