Tortoise Midstream Energy Fund (NYSE:NTG) Share Price Crosses Above 200 Day Moving Average of $34.80

Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $34.80 and traded as high as $37.65. Tortoise Midstream Energy Fund shares last traded at $37.65, with a volume of 20,592 shares changing hands.

Tortoise Midstream Energy Fund Trading Up 0.9 %

The business has a 50-day moving average of $35.79 and a 200 day moving average of $34.80.

Tortoise Midstream Energy Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 22nd were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 8.18%. The ex-dividend date was Wednesday, February 21st. Tortoise Midstream Energy Fund’s dividend payout ratio (DPR) is presently -10,341.47%.

Institutional Trading of Tortoise Midstream Energy Fund

Several hedge funds have recently bought and sold shares of the stock. Saba Capital Management L.P. grew its holdings in Tortoise Midstream Energy Fund by 1.2% during the third quarter. Saba Capital Management L.P. now owns 494,848 shares of the investment management company’s stock valued at $16,904,000 after purchasing an additional 5,627 shares during the period. Morgan Stanley grew its holdings in Tortoise Midstream Energy Fund by 12.2% during the fourth quarter. Morgan Stanley now owns 174,491 shares of the investment management company’s stock valued at $6,034,000 after purchasing an additional 19,030 shares during the period. Meixler Investment Management Ltd. grew its holdings in Tortoise Midstream Energy Fund by 17.9% during the fourth quarter. Meixler Investment Management Ltd. now owns 94,616 shares of the investment management company’s stock valued at $3,289,000 after purchasing an additional 14,394 shares during the period. Wells Fargo & Company MN grew its holdings in Tortoise Midstream Energy Fund by 14.5% during the fourth quarter. Wells Fargo & Company MN now owns 92,489 shares of the investment management company’s stock valued at $3,198,000 after purchasing an additional 11,689 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in Tortoise Midstream Energy Fund by 50.4% during the third quarter. Advisors Asset Management Inc. now owns 77,911 shares of the investment management company’s stock valued at $2,661,000 after purchasing an additional 26,109 shares during the period.

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.