Allspring Global Investments Holdings LLC Decreases Holdings in Tortoise Energy Infrastructure Co. (NYSE:TYG)

Allspring Global Investments Holdings LLC cut its holdings in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) by 1.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 304,059 shares of the financial services provider’s stock after selling 5,415 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Tortoise Energy Infrastructure were worth $10,603,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Spire Wealth Management increased its stake in shares of Tortoise Energy Infrastructure by 150.7% in the first quarter. Spire Wealth Management now owns 1,093 shares of the financial services provider’s stock worth $34,000 after buying an additional 657 shares during the period. JNBA Financial Advisors purchased a new position in shares of Tortoise Energy Infrastructure in the fourth quarter worth $45,000. Blue Bell Private Wealth Management LLC increased its stake in shares of Tortoise Energy Infrastructure by 282.3% in the first quarter. Blue Bell Private Wealth Management LLC now owns 2,294 shares of the financial services provider’s stock worth $71,000 after buying an additional 1,694 shares during the period. Garner Asset Management Corp purchased a new position in shares of Tortoise Energy Infrastructure in the fourth quarter worth $97,000. Finally, PFG Investments LLC purchased a new position in shares of Tortoise Energy Infrastructure in the first quarter worth $214,000. 32.50% of the stock is owned by hedge funds and other institutional investors.

Tortoise Energy Infrastructure Stock Up 1.8 %

Shares of NYSE TYG opened at $36.43 on Friday. Tortoise Energy Infrastructure Co. has a 52 week low of $26.77 and a 52 week high of $37.37. The firm’s fifty day moving average is $35.29 and its 200 day moving average is $32.71.

Tortoise Energy Infrastructure Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 23rd will be issued a $0.78 dividend. The ex-dividend date is Friday, August 23rd. This represents a $3.12 annualized dividend and a yield of 8.56%. This is a boost from Tortoise Energy Infrastructure’s previous quarterly dividend of $0.71.

Tortoise Energy Infrastructure Profile

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.