Tortoise Energy Infrastructure (NYSE:TYG) Stock Passes Above 50-Day Moving Average of $22.45

Tortoise Energy Infrastructure Corp. (NYSE:TYG)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $22.45 and traded as high as $23.39. Tortoise Energy Infrastructure shares last traded at $23.15, with a volume of 77,610 shares traded.

The company’s 50-day moving average price is $22.51.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Botty Investors LLC increased its position in shares of Tortoise Energy Infrastructure by 6.9% during the first quarter. Botty Investors LLC now owns 7,000 shares of the financial services provider’s stock valued at $165,000 after acquiring an additional 450 shares during the last quarter. Kavar Capital Partners LLC boosted its stake in shares of Tortoise Energy Infrastructure by 2.0% in the first quarter. Kavar Capital Partners LLC now owns 25,071 shares of the financial services provider’s stock valued at $589,000 after purchasing an additional 500 shares during the period. Pin Oak Investment Advisors Inc. boosted its stake in shares of Tortoise Energy Infrastructure by 1.5% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 58,722 shares of the financial services provider’s stock valued at $1,169,000 after purchasing an additional 885 shares during the period. Penbrook Management LLC boosted its stake in shares of Tortoise Energy Infrastructure by 5.3% in the second quarter. Penbrook Management LLC now owns 18,000 shares of the financial services provider’s stock valued at $406,000 after purchasing an additional 900 shares during the period. Finally, RDA Financial Network boosted its stake in shares of Tortoise Energy Infrastructure by 6.1% in the second quarter. RDA Financial Network now owns 15,890 shares of the financial services provider’s stock valued at $362,000 after purchasing an additional 917 shares during the period. Institutional investors and hedge funds own 29.89% of the company’s stock.



About Tortoise Energy Infrastructure (NYSE:TYG)

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.

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