Tortoise Energy Infrastructure (NYSE:TYG) Stock Price Passes Above Two Hundred Day Moving Average of $32.46

Tortoise Energy Infrastructure Co. (NYSE:TYG – Get Rating) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $32.46 and traded as high as $33.06. Tortoise Energy Infrastructure shares last traded at $32.97, with a volume of 25,197 shares changing hands.

Tortoise Energy Infrastructure Price Performance

The firm has a 50-day moving average of $32.66 and a 200 day moving average of $32.46.

Tortoise Energy Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 30th. Investors of record on Wednesday, November 23rd were given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 8.61%. The ex-dividend date was Tuesday, November 22nd.

Institutional Trading of Tortoise Energy Infrastructure

Large investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. increased its position in Tortoise Energy Infrastructure by 471.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,000 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 825 shares during the period. Wipfli Financial Advisors LLC acquired a new position in shares of Tortoise Energy Infrastructure during the 3rd quarter valued at $33,000. Covington Capital Management acquired a new position in shares of Tortoise Energy Infrastructure during the 3rd quarter valued at $33,000. Wolverine Asset Management LLC acquired a new position in shares of Tortoise Energy Infrastructure during the 2nd quarter valued at $60,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of Tortoise Energy Infrastructure during the 2nd quarter valued at $65,000. 35.40% of the stock is currently owned by institutional investors and hedge funds.

About Tortoise Energy Infrastructure

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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.