180 Wealth Advisors LLC Decreases Holdings in Tortoise Energy Infrastructure Co. (NYSE:TYG)

180 Wealth Advisors LLC lowered its position in Tortoise Energy Infrastructure Co. (NYSE:TYG) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing 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 quarter. 180 Wealth Advisors LLC’s holdings in Tortoise Energy Infrastructure were worth $2,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Tortoise Energy Infrastructure in the 3rd quarter worth approximately $82,000. Eastern Bank bought a new stake in Tortoise Energy Infrastructure in the fourth quarter worth $124,000. Bard Associates Inc. purchased a new stake in Tortoise Energy Infrastructure during the third quarter valued at about $356,000. Ariadne Wealth Management LP bought a new position in shares of Tortoise Energy Infrastructure during the second quarter valued at about $415,000. Finally, D.A. Davidson & CO. increased 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 worth $457,000 after buying an additional 661 shares during the period. 32.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tortoise Energy Infrastructure

In other Tortoise Energy Infrastructure news, major shareholder Saba Capital Management, L.P. sold 5,667 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $41.61, for a total transaction of $235,803.87. Following the transaction, the insider now directly owns 1,061,234 shares of the company’s stock, valued at approximately $44,157,946.74. The trade was a 0.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Prudential Financial Inc acquired 1,500,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was bought at an average price of $10.00 per share, with a total value 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 represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.28% of the stock is currently owned by corporate insiders.

Tortoise Energy Infrastructure Stock Performance

Shares of TYG stock opened at $44.40 on Tuesday. The business has a 50-day moving average of $43.44 and a 200 day moving average 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 Announces Dividend

The company also recently declared 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 of this dividend is Friday, February 21st. This represents a yield of 7.4%.

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.