New World Advisors LLC purchased a new position in shares of Tortoise Energy Infrastructure Corp. (NYSE:TYG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,583 shares of the financial services provider’s stock, valued at approximately $270,000. Tortoise Energy Infrastructure makes up about 0.2% of New World Advisors LLC’s investment portfolio, making the stock its 7th largest holding.
A number of other large investors have also recently added to or reduced their stakes in the business. Parkside Investments LLC increased its position in shares of Tortoise Energy Infrastructure by 105.5% during the fourth quarter. Parkside Investments LLC now owns 537,387 shares of the financial services provider’s stock worth $10,694,000 after acquiring an additional 275,861 shares during the period. Parkside Financial Bank & Trust increased its holdings in Tortoise Energy Infrastructure by 80.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 234,056 shares of the financial services provider’s stock valued at $4,658,000 after buying an additional 104,646 shares during the last quarter. Old Port Advisors purchased a new position in Tortoise Energy Infrastructure in the fourth quarter valued at $2,538,000. HITE Hedge Asset Management LLC increased its holdings in Tortoise Energy Infrastructure by 130.9% in the fourth quarter. HITE Hedge Asset Management LLC now owns 156,054 shares of the financial services provider’s stock valued at $3,105,000 after buying an additional 88,465 shares during the last quarter. Finally, OLD Mission Capital LLC purchased a new position in shares of Tortoise Energy Infrastructure during the fourth quarter worth about $1,670,000. Institutional investors own 28.20% of the company’s stock.
Shares of TYG stock traded down $0.12 during mid-day trading on Monday, hitting $23.77. 203,519 shares of the stock were exchanged, compared to its average volume of 150,185. Tortoise Energy Infrastructure Corp. has a 12-month low of $18.36 and a 12-month high of $30.50.
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.
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