Tortoise Midstream Energy Fund (NYSE:NTG) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $49.46 and traded as high as $53.44. Tortoise Midstream Energy Fund shares last traded at $53.36, with a volume of 24,436 shares trading hands.

Tortoise Midstream Energy Fund Price Performance

The stock’s 50-day moving average price is $54.53 and its 200 day moving average price is $49.53.

Tortoise Midstream Energy Fund Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 6th were paid a $0.53 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a dividend yield of 5.5%. Tortoise Midstream Energy Fund’s payout ratio is -10,610.08%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Almitas Capital LLC grew its position in shares of Tortoise Midstream Energy Fund by 34.7% in the 2nd quarter. Almitas Capital LLC now owns 180,717 shares of the investment management company’s stock valued at $7,762,000 after purchasing an additional 46,578 shares during the period. Stansberry Asset Management LLC raised its stake in shares of 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 purchasing an additional 514 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Tortoise Midstream Energy Fund by 274.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 18,799 shares of the investment management company’s stock valued at $894,000 after acquiring an additional 13,781 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Tortoise Midstream Energy Fund by 17.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,223 shares of the investment management company’s stock valued at $628,000 after acquiring an additional 1,994 shares during the period. Finally, Concorde Asset Management LLC raised its stake in Tortoise Midstream Energy Fund by 11.1% in the 3rd quarter. Concorde Asset Management LLC now owns 13,000 shares of the investment management company’s stock valued at $618,000 after acquiring an additional 1,300 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.