Tortoise Midstream Energy Fund (NYSE:NTG) Shares Cross Below 200 Day Moving Average of $12.34

Tortoise Midstream Energy Fund Inc (NYSE:NTG)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.34 and traded as low as $10.03. Tortoise Midstream Energy Fund shares last traded at $10.35, with a volume of 41,442 shares.

The company has a 50 day moving average of $10.74 and a 200-day moving average of $12.34.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 22nd were issued a $0.423 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 16.16%. The ex-dividend date was Thursday, November 21st.

A number of large investors have recently added to or reduced their stakes in NTG. Flagship Harbor Advisors LLC raised its stake in Tortoise Midstream Energy Fund by 151.5% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 3,320 shares of the investment management company’s stock worth $40,000 after purchasing an additional 2,000 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of Tortoise Midstream Energy Fund during the second quarter worth approximately $57,000. SRS Capital Advisors Inc. acquired a new stake in shares of Tortoise Midstream Energy Fund in the second quarter valued at approximately $69,000. Sandy Spring Bank acquired a new stake in shares of Tortoise Midstream Energy Fund in the second quarter valued at approximately $74,000. Finally, Private Capital Group LLC boosted its stake in shares of Tortoise Midstream Energy Fund by 185.3% in the second quarter. Private Capital Group LLC now owns 5,852 shares of the investment management company’s stock valued at $100,000 after buying an additional 3,801 shares during the period.

Tortoise Midstream Energy Fund Company Profile (NYSE:NTG)

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.

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