Ariadne Wealth Management LP Makes New Investment in Tortoise Energy Infrastructure Co. (NYSE:TYG)

Ariadne Wealth Management LP purchased a new stake in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,910 shares of the financial services provider’s stock, valued at approximately $415,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. 180 Wealth Advisors LLC raised its holdings in Tortoise Energy Infrastructure by 0.6% in the first quarter. 180 Wealth Advisors LLC now owns 54,347 shares of the financial services provider’s stock worth $1,680,000 after buying an additional 348 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in 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 worth $102,000 after acquiring an additional 640 shares during the last quarter. Carmichael Hill & Associates Inc. lifted its position in Tortoise Energy Infrastructure by 9.4% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 7,931 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 682 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in Tortoise Energy Infrastructure by 7.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 21,388 shares of the financial services provider’s stock valued at $661,000 after purchasing an additional 1,492 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Tortoise Energy Infrastructure by 11.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 21,405 shares of the financial services provider’s stock worth $662,000 after purchasing an additional 2,176 shares in the last quarter. 32.50% of the stock is currently owned by institutional investors.

Tortoise Energy Infrastructure Stock Up 1.6 %

Shares of NYSE:TYG opened at $39.25 on Tuesday. Tortoise Energy Infrastructure Co. has a 1 year low of $26.77 and a 1 year high of $39.98. The stock’s fifty day moving average price is $36.27 and its 200-day moving average price is $33.92.

Tortoise Energy Infrastructure Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 23rd were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 7.95%. The ex-dividend date was Friday, August 23rd. This is an increase from Tortoise Energy Infrastructure’s previous quarterly dividend of $0.71.

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.