Webster Bank N. A. Makes New Investment in Tortoise Energy Infrastructure Corp. (NYSE:TYG)

Webster Bank N. A. acquired a new position in Tortoise Energy Infrastructure Corp. (NYSE:TYG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,487 shares of the financial services provider’s stock, valued at approximately $45,000.

Other hedge funds have also recently modified their holdings of the company. Hilltop Holdings Inc. grew its position in shares of Tortoise Energy Infrastructure by 7.2% during the 2nd quarter. Hilltop Holdings Inc. now owns 9,717 shares of the financial services provider’s stock valued at $219,000 after acquiring an additional 650 shares during the period. Cetera Advisor Networks LLC grew its position in shares of Tortoise Energy Infrastructure by 2.4% during the 3rd quarter. Cetera Advisor Networks LLC now owns 32,781 shares of the financial services provider’s stock valued at $669,000 after acquiring an additional 778 shares during the period. Bank of New York Mellon Corp grew its position in shares of Tortoise Energy Infrastructure by 7.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 14,354 shares of the financial services provider’s stock valued at $324,000 after acquiring an additional 948 shares during the period. Penbrook Management LLC grew its position in shares of Tortoise Energy Infrastructure by 6.1% during the 3rd quarter. Penbrook Management LLC now owns 19,100 shares of the financial services provider’s stock valued at $391,000 after acquiring an additional 1,100 shares during the period. Finally, Prime Capital Investment Advisors LLC grew its position in shares of Tortoise Energy Infrastructure by 1.5% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 74,211 shares of the financial services provider’s stock valued at $1,518,000 after acquiring an additional 1,105 shares during the period. 30.64% of the stock is owned by institutional investors and hedge funds.

Tortoise Energy Infrastructure stock opened at $19.41 on Wednesday. Tortoise Energy Infrastructure Corp. has a twelve month low of $16.41 and a twelve month high of $25.47. The firm has a 50 day moving average price of $18.00 and a 200-day moving average price of $19.93.

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.

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Institutional Ownership by Quarter for Tortoise Energy Infrastructure (NYSE:TYG)

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