Tortoise Midstream Energy Fund (NYSE:NTG) Stock Passes Above 200-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.

Tortoise Midstream Energy Fund Stock Performance

The firm has a fifty day moving average price of $36.98 and a 200 day moving average price of $35.17.

Tortoise Midstream Energy Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 22nd were paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 8.27%. The ex-dividend date was Wednesday, February 21st. Tortoise Midstream Energy Fund’s dividend payout ratio (DPR) is presently -10,341.47%.

Hedge Funds Weigh In On Tortoise Midstream Energy Fund

Several large investors have recently made changes to their positions in the company. HighTower Advisors LLC acquired a new position in Tortoise Midstream Energy Fund in the third quarter valued at about $1,082,000. Stansberry Asset Management LLC lifted its stake in Tortoise Midstream Energy Fund by 3.8% in the third quarter. Stansberry Asset Management LLC now owns 57,611 shares of the investment management company’s stock valued at $1,968,000 after buying an additional 2,113 shares during the period. NewEdge Wealth LLC acquired a new position in Tortoise Midstream Energy Fund in the fourth quarter valued at about $337,000. Advisors Asset Management Inc. lifted its stake in Tortoise Midstream Energy Fund by 50.4% in the third quarter. Advisors Asset Management Inc. now owns 77,911 shares of the investment management company’s stock valued at $2,661,000 after buying an additional 26,109 shares during the period. Finally, Meixler Investment Management Ltd. lifted its stake in Tortoise Midstream Energy Fund by 22.8% in the third quarter. Meixler Investment Management Ltd. now owns 80,222 shares of the investment management company’s stock valued at $2,740,000 after buying an additional 14,875 shares during the period.

Tortoise Midstream Energy 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.