Advisors Asset Management Inc. Grows Stock Position in Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)

Advisors Asset Management Inc. grew its stake in Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) by 1.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 79,903 shares of the investment management company’s stock after purchasing an additional 1,249 shares during the period. Advisors Asset Management Inc.’s holdings in Tortoise Midstream Energy Fund were worth $3,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in NTG. Blue Bell Private Wealth Management LLC acquired a new stake in shares of Tortoise Midstream Energy Fund in the fourth quarter valued at $45,000. NewEdge Wealth LLC acquired a new position in shares of Tortoise Midstream Energy Fund in the 4th quarter valued at $337,000. Wolverine Asset Management LLC lifted its holdings in shares of Tortoise Midstream Energy Fund by 194.9% in the 4th 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 last quarter. Meixler Investment Management Ltd. increased its holdings in shares of Tortoise Midstream Energy Fund by 17.9% in the 4th quarter. Meixler Investment Management Ltd. now owns 94,616 shares of the investment management company’s stock valued at $3,289,000 after acquiring an additional 14,394 shares during the period. Finally, Principal Securities Inc. acquired a new stake in shares of Tortoise Midstream Energy Fund during the fourth quarter worth about $32,000.

Tortoise Midstream Energy Fund Stock Performance

NTG traded down $0.13 during trading on Friday, hitting $42.72. The stock had a trading volume of 7,222 shares, compared to its average volume of 13,213. Tortoise Midstream Energy Fund, Inc. has a twelve month low of $31.54 and a twelve month high of $44.95. The company’s 50-day moving average price is $41.55 and its 200 day moving average price is $38.50.

Tortoise Midstream Energy Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 24th were given a $0.77 dividend. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $3.08 dividend on an annualized basis and a yield of 7.21%. Tortoise Midstream Energy Fund’s payout ratio is currently -10,341.47%.

Tortoise Midstream Energy Fund 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.