Arete Wealth Advisors LLC Has $4.97 Million Stake in Tortoise Energy Infrastructure Co. (NYSE:TYG)

Arete Wealth Advisors LLC cut its stake in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) by 10.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 117,999 shares of the financial services provider’s stock after selling 13,325 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Tortoise Energy Infrastructure were worth $4,970,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Advisors Asset Management Inc. raised its position in shares of Tortoise Energy Infrastructure by 53.8% during the fourth quarter. Advisors Asset Management Inc. now owns 386,221 shares of the financial services provider’s stock worth $16,221,000 after acquiring an additional 135,146 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Tortoise Energy Infrastructure during the 4th quarter valued at approximately $7,158,000. Thomas J. Herzfeld Advisors Inc. raised its holdings in Tortoise Energy Infrastructure by 28.8% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 127,580 shares of the financial services provider’s stock worth $5,358,000 after purchasing an additional 28,526 shares during the last quarter. Meixler Investment Management Ltd. acquired a new position in shares of Tortoise Energy Infrastructure in the 4th quarter worth approximately $5,151,000. Finally, HighTower Advisors LLC bought a new stake in shares of Tortoise Energy Infrastructure in the 4th quarter valued at $2,416,000. Institutional investors own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Trading Up 0.3 %

TYG opened at $43.60 on Thursday. Tortoise Energy Infrastructure Co. has a twelve month low of $29.54 and a twelve month high of $48.76. The company has a fifty day moving average of $43.96 and a 200-day moving average of $42.89.

Tortoise Energy Infrastructure Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th were issued a dividend of $0.365 per share. The ex-dividend date was Monday, March 24th. This represents a yield of 10%.

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.