Tortoise Energy Infrastructure (NYSE:TYG) Stock Crosses Above Two Hundred Day Moving Average of $29.32

Shares of Tortoise Energy Infrastructure Co. (NYSE:TYG) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $29.32 and traded as high as $32.64. Tortoise Energy Infrastructure shares last traded at $32.63, with a volume of 37,368 shares traded.

Tortoise Energy Infrastructure Trading Up 1.4 %

The firm has a 50-day moving average price of $30.59 and a two-hundred day moving average price of $29.32.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Baystate Wealth Management LLC acquired a new position in Tortoise Energy Infrastructure during the fourth quarter valued at approximately $27,000. Spire Wealth Management boosted its position in Tortoise Energy Infrastructure by 150.7% during the first quarter. Spire Wealth Management now owns 1,093 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 657 shares during the last quarter. JNBA Financial Advisors acquired a new position in Tortoise Energy Infrastructure during the fourth quarter valued at approximately $45,000. Blue Bell Private Wealth Management LLC boosted its position in Tortoise Energy Infrastructure by 282.3% during the first quarter. Blue Bell Private Wealth Management LLC now owns 2,294 shares of the financial services provider’s stock valued at $71,000 after purchasing an additional 1,694 shares during the last quarter. Finally, Garner Asset Management Corp acquired a new position in Tortoise Energy Infrastructure during the fourth quarter valued at approximately $97,000. 32.50% of the stock is owned by institutional investors and hedge funds.

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.