Tortoise Midstream Energy Fund (NYSE:NTG) Stock Passes Above 200-Day Moving Average – Time to Sell?

Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $48.65 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 Price Performance

The stock has a fifty day simple moving average of $54.43 and a two-hundred day simple moving average of $48.72.

Tortoise Midstream Energy Fund Dividend Announcement

The firm also recently declared a — dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 6th were paid a $0.53 dividend. This represents a dividend yield of 5.5%. The ex-dividend date of this dividend was Friday, December 6th. Tortoise Midstream Energy Fund’s dividend payout ratio (DPR) is -10,610.08%.

Institutional Trading of Tortoise Midstream Energy Fund

Several institutional investors have recently added to or reduced their stakes in the stock. Stansberry Asset Management LLC raised its stake in shares of Tortoise Midstream Energy Fund by 1.2% in the 3rd quarter. Stansberry Asset Management LLC now owns 44,701 shares of the investment management company’s stock valued at $2,125,000 after purchasing an additional 514 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Tortoise Midstream Energy Fund by 4.3% during the third quarter. Private Advisor Group LLC now owns 12,613 shares of the investment management company’s stock worth $599,000 after purchasing an additional 515 shares during the period. JPMorgan Chase & Co. bought a new position in shares of Tortoise Midstream Energy Fund during the third quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. increased its position 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 during the period. Finally, Moors & Cabot Inc. lifted its stake in Tortoise Midstream Energy Fund by 13.3% in the second quarter. Moors & Cabot Inc. now owns 8,500 shares of the investment management company’s stock valued at $365,000 after buying an additional 1,000 shares during the last quarter.

About Tortoise Midstream Energy Fund

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.