Crescent Grove Advisors LLC Has $3.89 Million Holdings in Tortoise Energy Infrastructure Corporation (TYG)

Crescent Grove Advisors LLC grew its stake in Tortoise Energy Infrastructure Corporation (NYSE:TYG) by 10.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 134,410 shares of the financial services provider’s stock after acquiring an additional 12,434 shares during the quarter. Tortoise Energy Infrastructure Corporation accounts for 1.0% of Crescent Grove Advisors LLC’s portfolio, making the stock its 19th biggest holding. Crescent Grove Advisors LLC owned about 0.27% of Tortoise Energy Infrastructure Corporation worth $3,893,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Uniplan Investment Counsel Inc. boosted its holdings in Tortoise Energy Infrastructure Corporation by 9.2% in the second quarter. Uniplan Investment Counsel Inc. now owns 929,294 shares of the financial services provider’s stock worth $28,241,000 after acquiring an additional 78,354 shares in the last quarter. Private Bank & Trust Co. bought a new stake in Tortoise Energy Infrastructure Corporation in the second quarter worth $414,000. Amussen Hunsaker & Associates LLC bought a new stake in Tortoise Energy Infrastructure Corporation in the second quarter worth $2,076,000. Allen Investment Management LLC boosted its holdings in Tortoise Energy Infrastructure Corporation by 3.6% in the second quarter. Allen Investment Management LLC now owns 86,187 shares of the financial services provider’s stock worth $2,619,000 after acquiring an additional 3,035 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in Tortoise Energy Infrastructure Corporation by 20.6% in the second quarter. HighTower Advisors LLC now owns 83,219 shares of the financial services provider’s stock worth $2,513,000 after acquiring an additional 14,237 shares in the last quarter. 30.48% of the stock is currently owned by institutional investors and hedge funds.

Tortoise Energy Infrastructure Corporation (TYG) remained flat at $$26.62 during trading on Monday. The company’s stock had a trading volume of 234,000 shares, compared to its average volume of 167,684. Tortoise Energy Infrastructure Corporation has a 52 week low of $25.19 and a 52 week high of $37.11.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 22nd will be issued a $0.655 dividend. This represents a $2.62 annualized dividend and a yield of 9.84%. The ex-dividend date of this dividend is Tuesday, November 21st.

In related news, major shareholder Prudential Financial Inc bought 25,000,000 shares of the company’s stock in a transaction on Monday, September 25th. The shares were acquired at an average cost of $11,560,000.00 per share, with a total value of $289,000,000,000,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.33% of the company’s stock.

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Tortoise Energy Infrastructure Corporation Company Profile

Tortoise Energy Infrastructure Corporation (the Fund) is a non-diversified, closed-end management investment company. The Fund seeks a high level of total return with a focus on current distributions paid to stockholders. The Fund invests primarily in equity securities of master limited partnerships (MLPs) and their affiliates that transport, gather, process or store natural gas, natural gas liquids (NGLs), crude oil and refined petroleum products.

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

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