Tortoise MLP Fund Inc (NTG) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its holdings in Tortoise MLP Fund Inc (NYSE:NTG) by 40.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,520 shares of the investment management company’s stock after purchasing an additional 20,185 shares during the quarter. D.A. Davidson & CO.’s holdings in Tortoise MLP Fund were worth $1,134,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Oxbow Advisors LLC boosted its holdings in Tortoise MLP Fund by 55.4% in the third quarter. Oxbow Advisors LLC now owns 1,022,626 shares of the investment management company’s stock valued at $16,444,000 after purchasing an additional 364,762 shares in the last quarter. Crescent Grove Advisors LLC boosted its holdings in shares of Tortoise MLP Fund by 4.0% in the third quarter. Crescent Grove Advisors LLC now owns 442,726 shares of the investment management company’s stock valued at $7,119,000 after acquiring an additional 16,938 shares during the period. Ruffer LLP acquired a new stake in shares of Tortoise MLP Fund in the third quarter valued at approximately $3,309,000. Tocqueville Asset Management L.P. boosted its holdings in shares of Tortoise MLP Fund by 9.3% in the second quarter. Tocqueville Asset Management L.P. now owns 87,960 shares of the investment management company’s stock valued at $1,501,000 after acquiring an additional 7,500 shares during the period. Finally, Sterling Capital Management LLC boosted its holdings in shares of Tortoise MLP Fund by 4.2% in the second quarter. Sterling Capital Management LLC now owns 81,375 shares of the investment management company’s stock valued at $1,389,000 after acquiring an additional 3,300 shares during the period.

In other news, insider Matthew Sallee acquired 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 28th. The stock was acquired at an average cost of $13.36 per share, with a total value of $26,720.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Prudential Financial Inc acquired 48,000,000 shares of the firm’s stock in a transaction dated Tuesday, October 16th. The stock was purchased at an average cost of $8,375,000.00 per share, with a total value of $402,000,000,000,000.00. The disclosure for this purchase can be found here. Insiders bought 48,003,100 shares of company stock valued at $402,000,000,041,835 over the last three months.

NTG stock opened at $13.72 on Monday. Tortoise MLP Fund Inc has a twelve month low of $13.06 and a twelve month high of $21.09.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 23rd were issued a $0.423 dividend. This represents a $1.69 annualized dividend and a dividend yield of 12.33%. The ex-dividend date of this dividend was Wednesday, November 21st.

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Tortoise MLP 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.

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Institutional Ownership by Quarter for Tortoise MLP Fund (NYSE:NTG)

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