Monetary Management Group Inc. Has $1.07 Million Holdings in Tortoise Energy Infrastructure Co. (NYSE:TYG)

Monetary Management Group Inc. increased its position in shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) by 29.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 25,509 shares of the financial services provider’s stock after buying an additional 5,776 shares during the quarter. Monetary Management Group Inc.’s holdings in Tortoise Energy Infrastructure were worth $1,071,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new position in Tortoise Energy Infrastructure during the 4th quarter valued at $25,000. Noble Wealth Management PBC bought a new position in shares of Tortoise Energy Infrastructure during the 4th quarter worth about $30,000. Hartford Financial Management Inc. raised its position in shares of Tortoise Energy Infrastructure by 37.5% during the fourth quarter. Hartford Financial Management Inc. now owns 803 shares of the financial services provider’s stock valued at $34,000 after buying an additional 219 shares during the last quarter. Principal Securities Inc. bought a new stake in shares of Tortoise Energy Infrastructure in the fourth quarter valued at about $46,000. Finally, Eastern Bank acquired a new stake in Tortoise Energy Infrastructure during the fourth quarter worth about $124,000. 32.50% of the stock is currently owned by institutional investors.

Tortoise Energy Infrastructure Price Performance

Shares of NYSE:TYG opened at $36.36 on Friday. The business’s 50 day moving average is $42.66 and its 200-day moving average is $42.81. Tortoise Energy Infrastructure Co. has a 1-year low of $29.54 and a 1-year high of $48.76.

Tortoise Energy Infrastructure Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th were issued a dividend of $0.365 per share. The ex-dividend date was Monday, March 24th. This represents a dividend yield of 10%.

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.