Hillview Capital Advisors LLC maintained its stake in Tortoise Energy Infrastructure Corporation (NYSE:TYG) during the second quarter, Holdings Channel reports. The fund owned 16,420 shares of the financial services provider’s stock at the end of the second quarter. Tortoise Energy Infrastructure Corporation comprises about 2.2% of Hillview Capital Advisors LLC’s investment portfolio, making the stock its 4th largest position. Hillview Capital Advisors LLC’s holdings in Tortoise Energy Infrastructure Corporation were worth $499,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the company. Hirtle Callaghan & Co LLC boosted its stake in Tortoise Energy Infrastructure Corporation by 2.0% in the first quarter. Hirtle Callaghan & Co LLC now owns 2,901 shares of the financial services provider’s stock valued at $101,000 after buying an additional 56 shares in the last quarter. BTR Capital Management Inc. bought a new stake in Tortoise Energy Infrastructure Corporation during the first quarter valued at approximately $203,000. Sowell Financial Services LLC boosted its stake in Tortoise Energy Infrastructure Corporation by 1,497.1% in the first quarter. Sowell Financial Services LLC now owns 6,101 shares of the financial services provider’s stock valued at $204,000 after buying an additional 5,719 shares in the last quarter. BerganKDV Wealth Management LLC bought a new stake in Tortoise Energy Infrastructure Corporation during the second quarter valued at approximately $207,000. Finally, Evanson Asset Management LLC bought a new stake in Tortoise Energy Infrastructure Corporation during the first quarter valued at approximately $216,000. 34.23% of the stock is owned by hedge funds and other institutional investors.
Shares of Tortoise Energy Infrastructure Corporation (NYSE TYG) opened at 30.38 on Tuesday. The stock has a 50 day moving average of $29.76 and a 200 day moving average of $32.57. Tortoise Energy Infrastructure Corporation has a 52-week low of $27.40 and a 52-week high of $37.11.
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Separately, Stifel Nicolaus raised shares of Tortoise Energy Infrastructure Corporation from a “hold” rating to a “buy” rating and dropped their target price for the stock from $35.00 to $34.00 in a research report on Wednesday, June 28th. They noted that the move was a valuation call.
About Tortoise Energy Infrastructure Corporation
Tortoise Energy Infrastructure Corporation (the Fund) is a non-diversified, closed-end management investment company. The Fund seeks a high level of total return with a focus on current distributions paid to stockholders. The Fund invests primarily in equity securities of master limited partnerships (MLPs) and their affiliates that transport, gather, process or store natural gas, natural gas liquids (NGLs), crude oil and refined petroleum products.
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