Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) Holdings Decreased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its stake in Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) by 21.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 16,523 shares of the investment management company’s stock after selling 4,576 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Tortoise Midstream Energy Fund were worth $574,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Advocates Investment Management boosted its stake in Tortoise Midstream Energy Fund by 6.8% during the 3rd quarter. Financial Advocates Investment Management now owns 19,512 shares of the investment management company’s stock valued at $667,000 after purchasing an additional 1,244 shares in the last quarter. Meixler Investment Management Ltd. boosted its stake in Tortoise Midstream Energy Fund by 22.8% during the third quarter. Meixler Investment Management Ltd. now owns 80,222 shares of the investment management company’s stock valued at $2,740,000 after buying an additional 14,875 shares in the last quarter. HighTower Advisors LLC acquired a new position in Tortoise Midstream Energy Fund during the third quarter worth about $1,082,000. Wolverine Asset Management LLC raised its position in Tortoise Midstream Energy Fund by 485.2% in the third quarter. Wolverine Asset Management LLC now owns 15,887 shares of the investment management company’s stock worth $543,000 after acquiring an additional 13,172 shares in the last quarter. Finally, Saba Capital Management L.P. raised its position in Tortoise Midstream Energy Fund by 1.2% in the third quarter. Saba Capital Management L.P. now owns 494,848 shares of the investment management company’s stock worth $16,904,000 after acquiring an additional 5,627 shares in the last quarter.

Tortoise Midstream Energy Fund Stock Performance

NYSE:NTG opened at $38.96 on Friday. The company has a 50-day moving average of $37.37 and a 200-day moving average of $35.39. Tortoise Midstream Energy Fund, Inc. has a twelve month low of $31.25 and a twelve month high of $39.31.

Tortoise Midstream Energy Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 22nd were given a $0.77 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $3.08 annualized dividend and a yield of 7.91%. Tortoise Midstream Energy Fund’s dividend payout ratio (DPR) 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.