Founders Financial Securities LLC Has $347,000 Stake in Tortoise MLP Fund, Inc. (NTG)

Founders Financial Securities LLC reduced its position in shares of Tortoise MLP Fund, Inc. (NYSE:NTG) by 27.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,160 shares of the investment management company’s stock after selling 7,120 shares during the period. Founders Financial Securities LLC’s holdings in Tortoise MLP Fund were worth $347,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of NTG. Tocqueville Asset Management L.P. grew its position in shares of Tortoise MLP Fund by 0.7% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 103,513 shares of the investment management company’s stock valued at $1,997,000 after acquiring an additional 750 shares during the period. Stifel Financial Corp lifted its stake in shares of Tortoise MLP Fund by 7.0% during the 2nd quarter. Stifel Financial Corp now owns 20,582 shares of the investment management company’s stock valued at $392,000 after buying an additional 1,345 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Tortoise MLP Fund by 3.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 42,077 shares of the investment management company’s stock valued at $812,000 after buying an additional 1,377 shares in the last quarter. Arcus Capital Partners LLC lifted its stake in shares of Tortoise MLP Fund by 2.2% during the 2nd quarter. Arcus Capital Partners LLC now owns 71,630 shares of the investment management company’s stock valued at $1,382,000 after buying an additional 1,535 shares in the last quarter. Finally, Mariner Wealth Advisors LLC lifted its stake in Tortoise MLP Fund by 0.5% in the 2nd quarter. Mariner Wealth Advisors LLC now owns 372,579 shares of the investment management company’s stock worth $7,187,000 after purchasing an additional 1,881 shares in the last quarter.

Shares of Tortoise MLP Fund, Inc. (NTG) traded down $0.09 during mid-day trading on Monday, reaching $15.87. 91,600 shares of the company’s stock traded hands, compared to its average volume of 116,737. Tortoise MLP Fund, Inc. has a 1-year low of $15.51 and a 1-year high of $21.84.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 22nd will be paid a $0.4225 dividend. This represents a $1.69 annualized dividend and a yield of 10.65%. The ex-dividend date is Tuesday, November 21st.

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Tortoise MLP Fund Profile

Tortoise MLP Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to seek a high level of total return with an emphasis on current distributions. It invests primarily in master limited partnerships (MLPs) and their affiliates that own and operate a network of pipeline and energy-related logistical infrastructure assets.

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Institutional Ownership by Quarter for Tortoise MLP Fund (NYSE:NTG)

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