Tortoise Midstream Energy Fund (NYSE:NTG) Shares Cross Above Two Hundred Day Moving Average of $35.14

Shares of Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $35.14 and traded as high as $36.76. Tortoise Midstream Energy Fund shares last traded at $36.50, with a volume of 12,989 shares traded.

Tortoise Midstream Energy Fund Stock Down 0.7 %

The company’s 50 day simple moving average is $36.85 and its 200 day simple moving average is $35.14.

Tortoise Midstream Energy Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 22nd were paid a $0.77 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $3.08 annualized dividend and a yield of 8.44%. Tortoise Midstream Energy Fund’s dividend payout ratio is presently -10,341.47%.

Institutional Trading of Tortoise Midstream Energy Fund

A number of large investors have recently made changes to their positions in NTG. HighTower Advisors LLC purchased a new position in shares of Tortoise Midstream Energy Fund during the third quarter worth approximately $1,082,000. Wolverine Asset Management LLC increased its stake in Tortoise Midstream Energy Fund by 194.9% in the fourth quarter. Wolverine Asset Management LLC now owns 46,852 shares of the investment management company’s stock valued at $1,629,000 after purchasing an additional 30,965 shares during the period. Royal Bank of Canada grew its holdings in shares of Tortoise Midstream Energy Fund by 62.6% during the third quarter. Royal Bank of Canada now owns 68,350 shares of the investment management company’s stock worth $2,335,000 after buying an additional 26,326 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Tortoise Midstream Energy Fund by 50.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 77,911 shares of the investment management company’s stock valued at $2,661,000 after acquiring an additional 26,109 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Tortoise Midstream Energy Fund by 41.7% during the 2nd quarter. Wells Fargo & Company MN now owns 74,014 shares of the investment management company’s stock valued at $2,381,000 after acquiring an additional 21,769 shares during the last quarter.

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.