Private Advisor Group LLC Makes New $390,000 Investment in Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)

Private Advisor Group LLC purchased a new stake in shares of Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 11,706 shares of the investment management company’s stock, valued at approximately $390,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of NTG. Allspring Global Investments Holdings LLC grew its holdings in shares of Tortoise Midstream Energy Fund by 1.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 21,850 shares of the investment management company’s stock worth $728,000 after acquiring an additional 350 shares during the last quarter. Diversified Trust Co boosted its holdings in shares of Tortoise Midstream Energy Fund by 5.3% in the first quarter. Diversified Trust Co now owns 11,462 shares of the investment management company’s stock worth $382,000 after buying an additional 579 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of Tortoise Midstream Energy Fund by 9.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,800 shares of the investment management company’s stock worth $408,000 after acquiring an additional 1,000 shares in the last quarter. KCS Wealth Advisory raised its holdings in shares of Tortoise Midstream Energy Fund by 7.8% during the first quarter. KCS Wealth Advisory now owns 15,706 shares of the investment management company’s stock valued at $523,000 after acquiring an additional 1,136 shares during the period. Finally, UBS Group AG lifted its position in shares of Tortoise Midstream Energy Fund by 9.0% in the 3rd quarter. UBS Group AG now owns 19,927 shares of the investment management company’s stock valued at $643,000 after acquiring an additional 1,649 shares in the last quarter.

Tortoise Midstream Energy Fund Trading Up 1.0 %

NYSE NTG opened at $35.75 on Monday. The firm’s 50 day moving average price is $35.22 and its two-hundred day moving average price is $34.06. Tortoise Midstream Energy Fund, Inc. has a twelve month low of $29.64 and a twelve month high of $38.61.

Tortoise Midstream Energy Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Thursday, August 24th were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 8.62%. The ex-dividend date was Wednesday, August 23rd. Tortoise Midstream Energy Fund’s payout ratio is -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.