Tortoise Midstream Energy Fund (NYSE:NTG) Share Price Passes Above Two Hundred Day Moving Average of $35.52

Tortoise Midstream Energy Fund, Inc. (NYSE:NTGGet Rating) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $35.52 and traded as high as $37.00. Tortoise Midstream Energy Fund shares last traded at $36.59, with a volume of 21,927 shares.

Tortoise Midstream Energy Fund Stock Down 0.9 %

The business has a 50 day simple moving average of $35.58 and a 200-day simple moving average of $35.52.

Tortoise Midstream Energy Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Wednesday, November 23rd will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 8.42%. The ex-dividend date is Tuesday, November 22nd.

Institutional Trading of Tortoise Midstream Energy Fund

A number of hedge funds and other institutional investors have recently modified their holdings of NTG. Almitas Capital LLC increased its position in shares of Tortoise Midstream Energy Fund by 29.4% during the 3rd quarter. Almitas Capital LLC now owns 251,125 shares of the investment management company’s stock worth $8,111,000 after purchasing an additional 57,109 shares during the last quarter. CSS LLC IL boosted its holdings in Tortoise Midstream Energy Fund by 112.8% during the 2nd quarter. CSS LLC IL now owns 89,855 shares of the investment management company’s stock valued at $2,891,000 after acquiring an additional 47,629 shares during the period. Advisors Asset Management Inc. boosted its holdings in Tortoise Midstream Energy Fund by 91.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 54,316 shares of the investment management company’s stock valued at $1,747,000 after acquiring an additional 26,003 shares during the period. Wells Fargo & Company MN boosted its holdings in Tortoise Midstream Energy Fund by 41.7% during the 2nd quarter. Wells Fargo & Company MN now owns 74,014 shares of the investment management company’s stock valued at $2,381,000 after acquiring an additional 21,769 shares during the period. Finally, Wolverine Asset Management LLC purchased a new position in Tortoise Midstream Energy Fund during the 2nd quarter valued at about $538,000.

Tortoise Midstream Energy Fund Company Profile

(Get Rating)

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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