Wolverine Asset Management LLC Purchases 30,965 Shares of Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)

Wolverine Asset Management LLC boosted its position in shares of Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) by 194.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,852 shares of the investment management company’s stock after acquiring an additional 30,965 shares during the period. Wolverine Asset Management LLC’s holdings in Tortoise Midstream Energy Fund were worth $1,629,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Bell Private Wealth Management LLC purchased a new stake in Tortoise Midstream Energy Fund in the 4th quarter worth $45,000. Asset Allocation Strategies LLC bought a new stake in shares of Tortoise Midstream Energy Fund in the third quarter worth about $218,000. NewEdge Wealth LLC bought a new stake in shares of Tortoise Midstream Energy Fund in the fourth quarter worth about $337,000. Financial Advocates Investment Management increased its holdings in shares of Tortoise Midstream Energy Fund by 6.8% in the third quarter. Financial Advocates Investment Management now owns 19,512 shares of the investment management company’s stock worth $667,000 after purchasing an additional 1,244 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of Tortoise Midstream Energy Fund during the 3rd quarter worth approximately $1,082,000.

Tortoise Midstream Energy Fund Stock Performance

Shares of NTG stock opened at $38.97 on Thursday. The stock’s 50 day simple moving average is $37.30 and its two-hundred day simple moving average is $35.36. Tortoise Midstream Energy Fund, Inc. has a 1 year low of $31.25 and a 1 year high of $39.31.

Tortoise Midstream Energy Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.77 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $3.08 annualized dividend and a yield of 7.90%. Tortoise Midstream Energy Fund’s payout ratio is currently -10,341.47%.

Tortoise Midstream Energy Fund Profile

Tortoise MLP Fund, Inc is a close ended equity mutual fund launched and managed by Tortoise Capital Advisors LLC It invests in public equity markets. The fund primarily invests in equity securities of MLPs and their affiliates, with an emphasis on natural gas infrastructure Master Limited Partnerships.