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 $42.92 and traded as high as $50.79. Tortoise Midstream Energy Fund shares last traded at $50.45, with a volume of 4,207 shares changing hands.
Tortoise Midstream Energy Fund Stock Up 0.0 %
The business’s 50 day simple moving average is $46.90 and its 200-day simple moving average is $42.92.
Tortoise Midstream Energy Fund Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 23rd were paid a $0.81 dividend. The ex-dividend date was Friday, August 23rd. This is a boost from Tortoise Midstream Energy Fund’s previous quarterly dividend of $0.77. This represents a $3.24 dividend on an annualized basis and a yield of 6.42%. Tortoise Midstream Energy Fund’s dividend payout ratio (DPR) is presently -10,475.77%.
Insider Buying and Selling at Tortoise Midstream Energy Fund
Institutional Investors Weigh In On Tortoise Midstream Energy Fund
Hedge funds have recently bought and sold shares of the company. 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 worth $7,762,000 after acquiring an additional 46,578 shares during the period. Concorde Asset Management LLC acquired a new stake in shares of Tortoise Midstream Energy Fund during the second quarter worth $503,000. Bayshore Asset Management LLC acquired a new stake in shares of Tortoise Midstream Energy Fund during the third quarter worth $518,000. Ariadne Wealth Management LP acquired a new stake in shares of Tortoise Midstream Energy Fund during the second quarter worth $452,000. Finally, Meixler Investment Management Ltd. raised its holdings in shares of Tortoise Midstream Energy Fund by 10.8% during the first quarter. Meixler Investment Management Ltd. now owns 104,833 shares of the investment management company’s stock worth $4,018,000 after acquiring an additional 10,217 shares during the period.
About Tortoise Midstream Energy Fund
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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