Tortoise Midstream Energy Fund (NYSE:NTG) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $47.42 and traded as high as $53.44. Tortoise Midstream Energy Fund shares last traded at $53.36, with a volume of 24,436 shares.

Tortoise Midstream Energy Fund Stock Up 2.7 %

The business’s fifty day moving average is $53.56 and its 200-day moving average is $47.42.

Tortoise Midstream Energy Fund Dividend Announcement

The company also recently declared a — dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 6th were issued a dividend of $0.53 per share. This represents a yield of 5.5%. The ex-dividend date of this dividend was Friday, December 6th. Tortoise Midstream Energy Fund’s dividend payout ratio is currently -10,610.08%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Private Advisor Group LLC lifted its stake in Tortoise Midstream Energy Fund by 4.3% in the third quarter. Private Advisor Group LLC now owns 12,613 shares of the investment management company’s stock worth $599,000 after acquiring an additional 515 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Tortoise Midstream Energy Fund by 3,900.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the investment management company’s stock worth $43,000 after buying an additional 975 shares in the last quarter. Almitas Capital LLC lifted its holdings in Tortoise Midstream Energy Fund by 34.7% during the second quarter. Almitas Capital LLC now owns 180,717 shares of the investment management company’s stock worth $7,762,000 after buying an additional 46,578 shares during the period. Concorde Asset Management LLC bought a new stake in Tortoise Midstream Energy Fund during the 2nd quarter valued at $503,000. Finally, Financial Advocates Investment Management increased its holdings in shares of Tortoise Midstream Energy Fund by 1.3% in the 2nd quarter. Financial Advocates Investment Management now owns 20,166 shares of the investment management company’s stock valued at $866,000 after acquiring an additional 259 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.