Shares of Tortoise Midstream Energy Fund, Inc. (NYSE:NTG – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $44.85 and traded as high as $55.50. Tortoise Midstream Energy Fund shares last traded at $55.35, with a volume of 13,773 shares trading hands.
Tortoise Midstream Energy Fund Stock Performance
The firm’s 50-day moving average is $49.87 and its 200-day moving average is $44.85.
Tortoise Midstream Energy Fund Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 22nd will be given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 5.85%. The ex-dividend date is Friday, November 22nd. Tortoise Midstream Energy Fund’s dividend payout ratio is currently -10,610.08%.
Insider Activity at Tortoise Midstream Energy Fund
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in NTG. Advisors Asset Management Inc. raised its holdings in shares of Tortoise Midstream Energy Fund by 1.6% during the first quarter. Advisors Asset Management Inc. now owns 79,903 shares of the investment management company’s stock valued at $3,063,000 after purchasing an additional 1,249 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of Tortoise Midstream Energy Fund by 4.3% during the third quarter. Private Advisor Group LLC now owns 12,613 shares of the investment management company’s stock valued at $599,000 after purchasing an additional 515 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Tortoise Midstream Energy Fund by 3,900.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the investment management company’s stock valued at $43,000 after purchasing an additional 975 shares during the last quarter. Almitas Capital LLC raised its holdings in shares of Tortoise Midstream Energy Fund by 34.7% during the second quarter. Almitas Capital LLC now owns 180,717 shares of the investment management company’s stock valued at $7,762,000 after purchasing an additional 46,578 shares during the last quarter. Finally, Concorde Asset Management LLC purchased a new position in shares of Tortoise Midstream Energy Fund during the second quarter valued at approximately $503,000.
Tortoise Midstream Energy Fund Company 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.
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