Tortoise Energy Infrastructure (NYSE:TYG) Stock Passes Above 200 Day Moving Average - Should You Sell?

Tortoise Energy Infrastructure Co. (NYSE:TYG - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $38.16 and traded as high as $43.00. Tortoise Energy Infrastructure shares last traded at $41.93, with a volume of 40,653 shares trading hands.

Tortoise Energy Infrastructure Trading Down 1.5 %

The company has a 50 day simple moving average of $42.57 and a 200-day simple moving average of $38.19.

Tortoise Energy Infrastructure Announces Dividend

The company also recently disclosed a -- dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be paid a dividend of $0.365 per share. This represents a yield of 7.4%. The ex-dividend date is Friday, February 21st.

Institutional Investors Weigh In On Tortoise Energy Infrastructure

A number of institutional investors have recently modified their holdings of the business. Blue Bell Private Wealth Management LLC boosted its holdings in shares of Tortoise Energy Infrastructure by 27.9% during the second quarter. Blue Bell Private Wealth Management LLC now owns 2,934 shares of the financial services provider's stock valued at $102,000 after acquiring an additional 640 shares during the period. D.A. Davidson & CO. lifted its position in Tortoise Energy Infrastructure by 6.0% in the 3rd quarter. D.A. Davidson & CO. now owns 11,636 shares of the financial services provider's stock valued at $457,000 after purchasing an additional 661 shares during the last quarter. Carmichael Hill & Associates Inc. boosted its stake in Tortoise Energy Infrastructure by 9.4% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 7,931 shares of the financial services provider's stock valued at $277,000 after purchasing an additional 682 shares during the period. Eagle Bluffs Wealth Management LLC increased its stake in shares of Tortoise Energy Infrastructure by 0.8% in the third quarter. Eagle Bluffs Wealth Management LLC now owns 105,903 shares of the financial services provider's stock valued at $4,157,000 after purchasing an additional 865 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Tortoise Energy Infrastructure by 7.9% during the third quarter. Janney Montgomery Scott LLC now owns 22,708 shares of the financial services provider's stock valued at $891,000 after buying an additional 1,660 shares during the last quarter. Institutional investors own 32.50% of the company's stock.

About Tortoise Energy Infrastructure

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.