Tortoise Midstream Energy Fund (NYSE:NTG) Share Price Passes Above Two Hundred Day Moving Average of $35.89

Tortoise Midstream Energy Fund, Inc. (NYSE:NTGGet Rating)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $35.89 and traded as high as $37.76. Tortoise Midstream Energy Fund shares last traded at $37.64, with a volume of 11,370 shares traded.

Tortoise Midstream Energy Fund Stock Up 2.4 %

The business’s 50 day moving average is $35.54 and its 200-day moving average is $35.91.

Tortoise Midstream Energy Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Wednesday, August 24th were paid a $0.77 dividend. The ex-dividend date of this dividend was Tuesday, August 23rd. This represents a $3.08 dividend on an annualized basis and a dividend yield of 8.18%.

Institutional Trading of Tortoise Midstream Energy Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Financial Advocates Investment Management increased its stake in Tortoise Midstream Energy Fund by 1.7% during the second quarter. Financial Advocates Investment Management now owns 19,494 shares of the investment management company’s stock valued at $627,000 after purchasing an additional 331 shares during the last quarter. KCS Wealth Advisory increased its stake in Tortoise Midstream Energy Fund by 3.0% during the second quarter. KCS Wealth Advisory now owns 14,225 shares of the investment management company’s stock valued at $458,000 after purchasing an additional 420 shares during the last quarter. Stansberry Asset Management LLC increased its stake in Tortoise Midstream Energy Fund by 6.6% during the second quarter. Stansberry Asset Management LLC now owns 16,113 shares of the investment management company’s stock valued at $518,000 after purchasing an additional 1,000 shares during the last quarter. Cahill Financial Advisors Inc. increased its stake in Tortoise Midstream Energy Fund by 5.6% during the first quarter. Cahill Financial Advisors Inc. now owns 24,831 shares of the investment management company’s stock valued at $943,000 after purchasing an additional 1,315 shares during the last quarter. Finally, Walleye Capital LLC increased its stake in Tortoise Midstream Energy Fund by 8.7% during the fourth quarter. Walleye Capital LLC now owns 28,664 shares of the investment management company’s stock valued at $874,000 after purchasing an additional 2,283 shares during the last quarter.

About Tortoise Midstream Energy Fund

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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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