Northwestern Mutual Wealth Management Co. Has $43,000 Stake in Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)

Northwestern Mutual Wealth Management Co. raised its holdings in Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) by 3,900.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,000 shares of the investment management company’s stock after purchasing an additional 975 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Tortoise Midstream Energy Fund were worth $43,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of NTG. Quarry LP bought a new position in shares of Tortoise Midstream Energy Fund in the fourth quarter valued at about $382,000. Everett Harris & Co. CA bought a new position in shares of Tortoise Midstream Energy Fund in the first quarter worth about $203,000. Matisse Capital acquired a new position in shares of Tortoise Midstream Energy Fund during the first quarter worth approximately $238,000. Meixler Investment Management Ltd. grew its stake in shares of Tortoise Midstream Energy Fund by 10.8% during the first quarter. Meixler Investment Management Ltd. now owns 104,833 shares of the investment management company’s stock valued at $4,018,000 after purchasing an additional 10,217 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of Tortoise Midstream Energy Fund by 1.6% in the first quarter. Advisors Asset Management Inc. now owns 79,903 shares of the investment management company’s stock valued at $3,063,000 after purchasing an additional 1,249 shares in the last quarter.

Insider Activity at Tortoise Midstream Energy Fund

In other Tortoise Midstream Energy Fund news, major shareholder Saba Capital Management, L.P. bought 4,725 shares of Tortoise Midstream Energy Fund stock in a transaction dated Friday, August 30th. The shares were bought at an average price of $44.84 per share, with a total value of $211,869.00. Following the purchase, the insider now owns 515,767 shares of the company’s stock, valued at $23,126,992.28. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Tortoise Midstream Energy Fund Stock Performance

NTG stock opened at $50.25 on Friday. The company has a 50 day moving average price of $45.99 and a 200 day moving average price of $42.38. Tortoise Midstream Energy Fund, Inc. has a fifty-two week low of $32.56 and a fifty-two week high of $50.25.

Tortoise Midstream Energy Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 23rd were paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 6.45%. The ex-dividend date was Friday, August 23rd. This is a positive change from Tortoise Midstream Energy Fund’s previous quarterly dividend of $0.77. Tortoise Midstream Energy Fund’s dividend payout ratio is -10,475.77%.

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.