1620 Investment Advisors Inc. Invests $808,000 in Tortoise Energy Infrastructure Co. (NYSE:TYG)

1620 Investment Advisors Inc. acquired a new position in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,236 shares of the financial services provider’s stock, valued at approximately $808,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hartford Financial Management Inc. lifted its position in shares of Tortoise Energy Infrastructure by 37.5% in the fourth quarter. Hartford Financial Management Inc. now owns 803 shares of the financial services provider’s stock valued at $34,000 after buying an additional 219 shares during the last quarter. D.A. Davidson & CO. lifted its position 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 during the last quarter. Noble Wealth Management PBC acquired a new stake in shares of Tortoise Energy Infrastructure in the fourth quarter valued at approximately $30,000. DAVENPORT & Co LLC lifted its position in shares of Tortoise Energy Infrastructure by 13.6% in the fourth quarter. DAVENPORT & Co LLC now owns 7,622 shares of the financial services provider’s stock valued at $320,000 after buying an additional 915 shares during the last quarter. Finally, Principal Securities Inc. acquired a new stake in shares of Tortoise Energy Infrastructure in the fourth quarter valued at approximately $46,000. 32.50% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Tortoise Energy Infrastructure news, major shareholder Saba Capital Management, L.P. sold 5,667 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $41.61, for a total transaction of $235,803.87. Following the transaction, the insider now owns 1,061,234 shares in the company, valued at $44,157,946.74. This trade represents a 0.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.28% of the company’s stock.

Tortoise Energy Infrastructure Trading Up 0.5 %

Shares of NYSE TYG opened at $43.92 on Friday. Tortoise Energy Infrastructure Co. has a 1-year low of $29.54 and a 1-year high of $48.76. The business’s 50 day moving average is $44.42 and its 200-day moving average is $42.37.

Tortoise Energy Infrastructure Announces Dividend

The company also recently announced a — dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.365 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a dividend yield of 8.4%.

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.