Values Added Financial LLC Buys Shares of 7,334 Tortoise Energy Infrastructure Co. (NYSE:TYG)

Values Added Financial LLC purchased a new position in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,334 shares of the financial services provider’s stock, valued at approximately $308,000. Values Added Financial LLC owned approximately 0.07% of Tortoise Energy Infrastructure as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Raymond James & Associates increased its position in shares of Tortoise Energy Infrastructure by 679.7% in the third quarter. Raymond James & Associates now owns 75,830 shares of the financial services provider’s stock valued at $2,976,000 after acquiring an additional 66,104 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Tortoise Energy Infrastructure by 604.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 76,567 shares of the financial services provider’s stock valued at $3,005,000 after buying an additional 65,695 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Tortoise Energy Infrastructure by 12.9% in the third quarter. Advisors Asset Management Inc. now owns 251,075 shares of the financial services provider’s stock valued at $9,855,000 after buying an additional 28,661 shares in the last quarter. Financial Advocates Investment Management grew its stake in shares of Tortoise Energy Infrastructure by 337.1% in the fourth quarter. Financial Advocates Investment Management now owns 31,059 shares of the financial services provider’s stock valued at $1,304,000 after buying an additional 23,953 shares in the last quarter. Finally, De Lisle Partners LLP raised its position in Tortoise Energy Infrastructure by 42.3% during the third quarter. De Lisle Partners LLP now owns 66,093 shares of the financial services provider’s stock worth $2,593,000 after acquiring an additional 19,644 shares in the last quarter. 32.50% of the stock is owned by institutional investors.

Insider Buying and Selling at Tortoise Energy Infrastructure

In related news, major shareholder Prudential Financial Inc acquired 1,500,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were purchased at an average cost of $10.00 per share, for a total transaction of $15,000,000.00. Following the completion of the acquisition, the insider now directly owns 1,500,000 shares in the company, valued at approximately $15,000,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Saba Capital Management, L.P. sold 9,211 shares of the stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $42.46, for a total transaction of $391,099.06. Following the completion of the transaction, the insider now directly owns 1,066,901 shares in the company, valued at $45,300,616.46. The trade was a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.

Tortoise Energy Infrastructure Trading Up 1.6 %

Shares of TYG stock opened at $44.83 on Friday. The company has a fifty day moving average price of $44.31 and a two-hundred day moving average price of $41.03. Tortoise Energy Infrastructure Co. has a one year low of $28.87 and a one year high of $48.76.

Tortoise Energy Infrastructure Dividend Announcement

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

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.