Tortoise Midstream Energy Fund (NYSE:NTG) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $47.42 and traded as high as $53.44. Tortoise Midstream Energy Fund shares last traded at $53.36, with a volume of 24,436 shares changing hands.

Tortoise Midstream Energy Fund Price Performance

The business has a 50-day moving average of $53.56 and a 200-day moving average of $47.42.

Tortoise Midstream Energy Fund Dividend Announcement

The firm also recently announced a — dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 6th were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a dividend yield of 5.5%. Tortoise Midstream Energy Fund’s dividend payout ratio (DPR) is presently -10,610.08%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Stansberry Asset Management LLC lifted its position in Tortoise Midstream Energy Fund by 1.2% during the 3rd quarter. Stansberry Asset Management LLC now owns 44,701 shares of the investment management company’s stock worth $2,125,000 after acquiring an additional 514 shares during the period. Quarry LP acquired a new position in shares of Tortoise Midstream Energy Fund in the third quarter valued at approximately $73,000. Concorde Asset Management LLC raised its stake in shares of Tortoise Midstream Energy Fund by 11.1% during the third quarter. Concorde Asset Management LLC now owns 13,000 shares of the investment management company’s stock worth $618,000 after purchasing an additional 1,300 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Tortoise Midstream Energy Fund by 274.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 18,799 shares of the investment management company’s stock worth $894,000 after purchasing an additional 13,781 shares during the period. Finally, Private Advisor Group LLC lifted 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 worth $599,000 after purchasing an additional 515 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.