Tortoise Midstream Energy Fund (NYSE:NTG) Stock Passes Above Two Hundred Day Moving Average of $35.14

Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)’s stock price 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 changing hands.

Tortoise Midstream Energy Fund Price Performance

The business has a 50-day moving average of $36.85 and a 200 day moving average of $35.14.

Tortoise Midstream Energy Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 22nd were issued a $0.77 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $3.08 annualized dividend and a dividend yield of 8.44%. Tortoise Midstream Energy Fund’s dividend payout ratio is currently -10,341.47%.

Institutional Investors Weigh In On Tortoise Midstream Energy Fund

Institutional investors have recently added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Tortoise Midstream Energy Fund during the 4th quarter worth approximately $382,000. Royal Bank of Canada lifted its holdings in Tortoise Midstream Energy Fund by 2.1% during the fourth quarter. Royal Bank of Canada now owns 69,812 shares of the investment management company’s stock worth $2,427,000 after acquiring an additional 1,462 shares during the period. Quantedge Capital Pte Ltd boosted its position in Tortoise Midstream Energy Fund by 23.4% in the fourth quarter. Quantedge Capital Pte Ltd now owns 19,228 shares of the investment management company’s stock worth $668,000 after purchasing an additional 3,641 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in Tortoise Midstream Energy Fund by 3.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,400 shares of the investment management company’s stock valued at $362,000 after purchasing an additional 375 shares during the period. Finally, UBS Group AG increased its position in shares of Tortoise Midstream Energy Fund by 21.9% during the 4th quarter. UBS Group AG now owns 20,343 shares of the investment management company’s stock valued at $707,000 after purchasing an additional 3,654 shares during the last quarter.

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.