Tortoise Energy Infrastructure (NYSE:TYG) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Shares of Tortoise Energy Infrastructure Co. (NYSE:TYG - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $42.83 and traded as high as $43.33. Tortoise Energy Infrastructure shares last traded at $43.02, with a volume of 60,930 shares trading hands.

Tortoise Energy Infrastructure Stock Down 9.8 %

The company's 50 day moving average price is $43.66 and its two-hundred day moving average price is $42.88.

Tortoise Energy Infrastructure Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 25th were given a $0.365 dividend. This represents a yield of 10%. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Stifel Financial Corp lifted its stake in shares of Tortoise Energy Infrastructure by 7.7% during the 3rd quarter. Stifel Financial Corp now owns 38,483 shares of the financial services provider's stock worth $1,510,000 after acquiring an additional 2,758 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Tortoise Energy Infrastructure by 58.6% during the third quarter. Sanctuary Advisors LLC now owns 21,347 shares of the financial services provider's stock valued at $838,000 after purchasing an additional 7,891 shares during the period. Diversified Trust Co bought a new position in shares of Tortoise Energy Infrastructure in the fourth quarter worth about $482,000. Eastern Bank bought a new position in shares of Tortoise Energy Infrastructure in the fourth quarter worth about $124,000. Finally, First National Bank of Mount Dora Trust Investment Services purchased a new position in Tortoise Energy Infrastructure in the 4th quarter worth about $205,000. Hedge funds and other 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.