180 Wealth Advisors LLC Sells 1,734 Shares of Tortoise Energy Infrastructure Co. (NYSE:TYG)

180 Wealth Advisors LLC cut its holdings in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,286 shares of the financial services provider’s stock after selling 1,734 shares during the period. 180 Wealth Advisors LLC owned approximately 0.49% of Tortoise Energy Infrastructure worth $2,196,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. D.A. Davidson & CO. raised its holdings in shares of Tortoise Energy Infrastructure by 6.0% in the third quarter. D.A. Davidson & CO. now owns 11,636 shares of the financial services provider’s stock valued at $457,000 after purchasing an additional 661 shares during the last quarter. Eagle Bluffs Wealth Management LLC lifted its position in shares of Tortoise Energy Infrastructure by 0.8% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 105,903 shares of the financial services provider’s stock worth $4,157,000 after buying an additional 865 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Tortoise Energy Infrastructure by 7.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 22,708 shares of the financial services provider’s stock worth $891,000 after buying an additional 1,660 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Tortoise Energy Infrastructure in the third quarter valued at approximately $82,000. Finally, Stifel Financial Corp lifted its holdings in Tortoise Energy Infrastructure by 7.7% during the third quarter. Stifel Financial Corp now owns 38,483 shares of the financial services provider’s stock worth $1,510,000 after acquiring an additional 2,758 shares during the period. 32.50% of the stock is owned by institutional investors.

Tortoise Energy Infrastructure Stock Up 1.2 %

Shares of Tortoise Energy Infrastructure stock opened at $44.40 on Tuesday. The stock has a fifty day moving average price of $43.44 and a 200-day moving average price of $39.44. Tortoise Energy Infrastructure Co. has a 1 year low of $28.01 and a 1 year high of $46.35.

Tortoise Energy Infrastructure Dividend Announcement

The business also recently announced a — dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be paid a $0.365 dividend. This represents a yield of 7.4%. The ex-dividend date is Friday, February 21st.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. sold 9,211 shares of Tortoise Energy Infrastructure stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $42.46, for a total value of $391,099.06. Following the completion of the transaction, the insider now owns 1,066,901 shares in the company, valued at $45,300,616.46. This trade represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Prudential Financial Inc bought 1,500,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were bought at an average price of $10.00 per share, for a total transaction of $15,000,000.00. Following the transaction, the insider now owns 1,500,000 shares of the company’s stock, valued at approximately $15,000,000. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.28% of the company’s stock.

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.