Tortoise Midstream Energy Fund (NYSE:NTG) Shares Pass Above 200 Day Moving Average – Here’s What Happened

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 $49.05 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 Trading Up 2.7 %

The business’s 50-day simple moving average is $54.61 and its 200-day simple moving average is $49.05.

Tortoise Midstream Energy Fund Dividend Announcement

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

Institutional Trading of Tortoise Midstream Energy Fund

A number of institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC boosted its position in shares of Tortoise Midstream Energy Fund by 4.3% in the 3rd quarter. Private Advisor Group LLC now owns 12,613 shares of the investment management company’s stock worth $599,000 after purchasing an additional 515 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Tortoise Midstream Energy Fund by 3,900.0% in 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 buying an additional 975 shares during the period. Almitas Capital LLC boosted its holdings in Tortoise Midstream Energy Fund by 34.7% during the second quarter. Almitas Capital LLC now owns 180,717 shares of the investment management company’s stock worth $7,762,000 after buying an additional 46,578 shares during the last quarter. Concorde Asset Management LLC bought a new position in Tortoise Midstream Energy Fund during the second quarter worth about $503,000. Finally, Ariadne Wealth Management LP acquired a new position in shares of Tortoise Midstream Energy Fund during the 2nd quarter worth about $452,000.

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.