Parkside Financial Bank & Trust Cuts Holdings in Tortoise Energy Infrastructure Corp. (NYSE:TYG)

Parkside Financial Bank & Trust decreased its position in shares of Tortoise Energy Infrastructure Corp. (NYSE:TYG) by 4.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 224,646 shares of the financial services provider’s stock after selling 11,553 shares during the period. Tortoise Energy Infrastructure makes up approximately 1.5% of Parkside Financial Bank & Trust’s investment portfolio, making the stock its 15th biggest position. Parkside Financial Bank & Trust’s holdings in Tortoise Energy Infrastructure were worth $4,594,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Commonwealth Equity Services LLC grew its position in Tortoise Energy Infrastructure by 2.4% in the third quarter. Commonwealth Equity Services LLC now owns 67,809 shares of the financial services provider’s stock worth $1,386,000 after acquiring an additional 1,578 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Tortoise Energy Infrastructure by 4.3% during the third quarter. Janney Montgomery Scott LLC now owns 26,818 shares of the financial services provider’s stock valued at $548,000 after purchasing an additional 1,107 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in Tortoise Energy Infrastructure in the third quarter worth about $120,000. BKD Wealth Advisors LLC grew its position in Tortoise Energy Infrastructure by 119.3% in the third quarter. BKD Wealth Advisors LLC now owns 121,780 shares of the financial services provider’s stock worth $2,490,000 after acquiring an additional 66,250 shares in the last quarter. Finally, 180 Wealth Advisors LLC grew its position in Tortoise Energy Infrastructure by 40.7% in the third quarter. 180 Wealth Advisors LLC now owns 67,284 shares of the financial services provider’s stock worth $1,300,000 after acquiring an additional 19,453 shares in the last quarter. Hedge funds and other institutional investors own 30.44% of the company’s stock.

TYG traded down $0.15 on Friday, hitting $18.34. The company had a trading volume of 502,104 shares, compared to its average volume of 198,273. Tortoise Energy Infrastructure Corp. has a 12-month low of $18.21 and a 12-month high of $25.47. The business’s fifty day simple moving average is $19.45 and its 200 day simple moving average is $21.54.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 22nd will be given a $0.655 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.62 annualized dividend and a yield of 14.29%.

About Tortoise Energy Infrastructure

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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