Sterling Capital Management LLC raised its holdings in Tortoise MLP Fund, Inc. (NYSE:NTG) by 12.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,575 shares of the investment management company’s stock after buying an additional 7,600 shares during the quarter. Sterling Capital Management LLC owned approximately 0.14% of Tortoise MLP Fund worth $1,206,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stifel Financial Corp lifted its stake in shares of Tortoise MLP Fund by 50.6% in the 3rd quarter. Stifel Financial Corp now owns 31,001 shares of the investment management company’s stock valued at $556,000 after purchasing an additional 10,419 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Tortoise MLP Fund by 38.9% in the 3rd quarter. Wells Fargo & Company MN now owns 767,443 shares of the investment management company’s stock valued at $13,906,000 after purchasing an additional 214,840 shares in the last quarter. Lee Financial Co lifted its stake in shares of Tortoise MLP Fund by 8.6% in the 3rd quarter. Lee Financial Co now owns 215,655 shares of the investment management company’s stock valued at $3,908,000 after purchasing an additional 17,100 shares in the last quarter. Crescent Grove Advisors LLC lifted its stake in shares of Tortoise MLP Fund by 1.3% in the 3rd quarter. Crescent Grove Advisors LLC now owns 441,910 shares of the investment management company’s stock valued at $8,007,000 after purchasing an additional 5,629 shares in the last quarter. Finally, Northern Capital Management LLC lifted its stake in shares of Tortoise MLP Fund by 43.9% in the 3rd quarter. Northern Capital Management LLC now owns 159,660 shares of the investment management company’s stock valued at $2,893,000 after purchasing an additional 48,720 shares in the last quarter.

In other news, major shareholder Prudential Financial Inc acquired 32,000,000 shares of Tortoise MLP Fund stock in a transaction dated Wednesday, December 13th. The shares were acquired at an average cost of $26,562,500.00 per share, with a total value of $850,000,000,000,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders bought a total of 32,003,250 shares of company stock worth $850,000,000,052,530 over the last ninety days.

Tortoise MLP Fund, Inc. (NTG) opened at $16.29 on Wednesday. Tortoise MLP Fund, Inc. has a 52 week low of $14.91 and a 52 week high of $21.84.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Wednesday, November 22nd were paid a $0.4225 dividend. This represents a $1.69 annualized dividend and a dividend yield of 10.37%. The ex-dividend date of this dividend was Tuesday, November 21st.

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Tortoise MLP Fund Profile

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.

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

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