Sanctuary Advisors LLC Purchases New Position in Tortoise Energy Infrastructure Co. (NYSE:TYG)

Sanctuary Advisors LLC acquired a new stake in Tortoise Energy Infrastructure Co. (NYSE:TYG) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 13,456 shares of the financial services provider’s stock, valued at approximately $469,000. Sanctuary Advisors LLC owned about 0.12% of Tortoise Energy Infrastructure at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Blue Bell Private Wealth Management LLC lifted its stake in shares of Tortoise Energy Infrastructure by 27.9% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 2,934 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 640 shares during the last quarter. Carmichael Hill & Associates Inc. raised its holdings in shares of Tortoise Energy Infrastructure by 9.4% in the second quarter. Carmichael Hill & Associates Inc. now owns 7,931 shares of the financial services provider’s stock worth $277,000 after buying an additional 682 shares during the period. Transcend Capital Advisors LLC purchased a new stake in shares of Tortoise Energy Infrastructure in the second quarter worth approximately $320,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Tortoise Energy Infrastructure by 48.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 10,872 shares of the financial services provider’s stock worth $379,000 after buying an additional 3,561 shares during the period. Finally, SeaCrest Wealth Management LLC raised its holdings in shares of Tortoise Energy Infrastructure by 37.4% in the first quarter. SeaCrest Wealth Management LLC now owns 11,729 shares of the financial services provider’s stock worth $363,000 after buying an additional 3,192 shares during the period. 32.50% of the stock is owned by institutional investors.

Tortoise Energy Infrastructure Trading Up 0.7 %

Shares of NYSE TYG opened at $40.37 on Thursday. The business’s 50 day moving average price is $37.57 and its 200-day moving average price is $34.81. Tortoise Energy Infrastructure Co. has a fifty-two week low of $27.25 and a fifty-two week high of $41.46.

Tortoise Energy Infrastructure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 23rd were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 7.73%. This is an increase from Tortoise Energy Infrastructure’s previous quarterly dividend of $0.71. The ex-dividend date was Friday, August 23rd.

Tortoise Energy Infrastructure Company 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.