Matisse Capital Has $2.56 Million Stock Holdings in Tortoise Energy Infrastructure Co. (NYSE:TYG)

Matisse Capital lessened its position in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) by 23.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 61,020 shares of the financial services provider’s stock after selling 18,980 shares during the quarter. Tortoise Energy Infrastructure makes up approximately 1.3% of Matisse Capital’s investment portfolio, making the stock its 22nd largest holding. Matisse Capital owned approximately 0.57% of Tortoise Energy Infrastructure worth $2,563,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TYG. Raymond James & Associates increased its holdings in Tortoise Energy Infrastructure by 679.7% during the 3rd quarter. Raymond James & Associates now owns 75,830 shares of the financial services provider’s stock worth $2,976,000 after purchasing an additional 66,104 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in 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 worth $3,005,000 after purchasing an additional 65,695 shares in the last quarter. Advisors Asset Management Inc. increased its position 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 worth $9,855,000 after purchasing an additional 28,661 shares during the last quarter. De Lisle Partners LLP increased its stake in Tortoise Energy Infrastructure by 42.3% in the third quarter. De Lisle Partners LLP now owns 66,093 shares of the financial services provider’s stock valued at $2,593,000 after acquiring an additional 19,644 shares during the last quarter. Finally, Bayshore Asset Management LLC purchased a new position in shares of Tortoise Energy Infrastructure during the third quarter worth approximately $688,000. 32.50% of the stock is currently owned by institutional investors.

Tortoise Energy Infrastructure Stock Up 0.7 %

Shares of Tortoise Energy Infrastructure stock opened at $45.39 on Tuesday. The business’s 50 day simple moving average is $44.32 and its two-hundred day simple moving average is $40.59. Tortoise Energy Infrastructure Co. has a one year low of $28.43 and a one year high of $48.76.

Tortoise Energy Infrastructure Announces Dividend

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

Insider Buying and Selling at Tortoise Energy Infrastructure

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

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.