Tortoise MLP Fund, Inc. (NYSE:NTG) insider Robert Joseph Jr. Thummel acquired 650 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were bought at an average price of $15.55 per share, with a total value of $10,107.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Tortoise MLP Fund, Inc. (NYSE NTG) traded up $0.03 during midday trading on Thursday, hitting $15.15. 380,100 shares of the stock traded hands, compared to its average volume of 119,961. Tortoise MLP Fund, Inc. has a one year low of $14.91 and a one year high of $21.84.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 22nd will be given a dividend of $0.4225 per share. The ex-dividend date is Tuesday, November 21st. This represents a $1.69 dividend on an annualized basis and a yield of 11.16%.

A number of hedge funds have recently modified their holdings of NTG. Stifel Financial Corp raised its stake in shares of Tortoise MLP Fund by 7.0% in the 2nd quarter. Stifel Financial Corp now owns 20,582 shares of the investment management company’s stock valued at $392,000 after purchasing an additional 1,345 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Tortoise MLP Fund during the second quarter worth about $442,000. Janney Montgomery Scott LLC raised its stake in Tortoise MLP Fund by 18.7% during the second quarter. Janney Montgomery Scott LLC now owns 25,242 shares of the investment management company’s stock worth $487,000 after acquiring an additional 3,978 shares during the period. Founders Financial Securities LLC raised its stake in Tortoise MLP Fund by 1.0% during the second quarter. Founders Financial Securities LLC now owns 26,280 shares of the investment management company’s stock worth $507,000 after acquiring an additional 250 shares during the period. Finally, Ameriprise Financial Inc. grew its position in Tortoise MLP Fund by 3.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 42,077 shares of the investment management company’s stock worth $812,000 after purchasing an additional 1,377 shares during the last quarter.

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About Tortoise MLP Fund

Tortoise MLP Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to seek a high level of total return with an emphasis on current distributions. It invests primarily in master limited partnerships (MLPs) and their affiliates that own and operate a network of pipeline and energy-related logistical infrastructure assets.

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