Crescent Grove Advisors LLC bought a new position in shares of Tortoise MLP Fund, Inc. (NYSE:NTG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 436,281 shares of the investment management company’s stock, valued at approximately $8,416,000. Tortoise MLP Fund comprises about 2.4% of Crescent Grove Advisors LLC’s holdings, making the stock its 7th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Founders Financial Securities LLC boosted its position in Tortoise MLP Fund by 1.0% in the second quarter. Founders Financial Securities LLC now owns 26,280 shares of the investment management company’s stock worth $507,000 after buying an additional 250 shares in the last quarter. SeaBridge Investment Advisors LLC boosted its position in Tortoise MLP Fund by 0.4% in the second quarter. SeaBridge Investment Advisors LLC now owns 89,180 shares of the investment management company’s stock worth $1,720,000 after buying an additional 360 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Tortoise MLP Fund by 18.7% in the second quarter. Janney Montgomery Scott LLC now owns 25,242 shares of the investment management company’s stock worth $487,000 after buying an additional 3,978 shares in the last quarter.

Tortoise MLP Fund, Inc. (NTG) opened at 18.34 on Friday. The company has a 50-day moving average price of $19.03 and a 200-day moving average price of $19.76. Tortoise MLP Fund, Inc. has a 1-year low of $17.57 and a 1-year high of $21.84.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 24th will be paid a $0.4225 dividend. This represents a $1.69 annualized dividend and a yield of 9.21%. The ex-dividend date is Tuesday, August 22nd.

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

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