10,518 Shares in Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) Purchased by Ariadne Wealth Management LP

Ariadne Wealth Management LP bought a new position in Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,518 shares of the investment management company’s stock, valued at approximately $452,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Tortoise Midstream Energy Fund by 3,900.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the investment management company’s stock valued at $43,000 after acquiring an additional 975 shares during the last quarter. Everett Harris & Co. CA acquired a new stake in Tortoise Midstream Energy Fund in the first quarter worth $203,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Tortoise Midstream Energy Fund during the second quarter valued at about $216,000. Matisse Capital bought a new position in shares of Tortoise Midstream Energy Fund during the first quarter valued at about $238,000. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Tortoise Midstream Energy Fund by 3.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,400 shares of the investment management company’s stock valued at $362,000 after purchasing an additional 375 shares in the last quarter.

Tortoise Midstream Energy Fund Stock Up 1.1 %

Shares of NTG stock opened at $47.60 on Tuesday. Tortoise Midstream Energy Fund, Inc. has a 52 week low of $31.54 and a 52 week high of $49.48. The firm’s 50-day simple moving average is $44.84 and its two-hundred day simple moving average is $41.65.

Tortoise Midstream Energy Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 23rd were given a $0.81 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $3.24 annualized dividend and a dividend yield of 6.81%. This is a positive change from Tortoise Midstream Energy Fund’s previous quarterly dividend of $0.77. Tortoise Midstream Energy Fund’s payout ratio is -10,475.77%.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. acquired 4,725 shares of Tortoise Midstream Energy Fund stock in a transaction that occurred on Friday, August 30th. The stock was bought at an average price of $44.84 per share, with a total value of $211,869.00. Following the completion of the purchase, the insider now owns 515,767 shares in the company, valued at $23,126,992.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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.