Tortoise Midstream Energy Fund (NYSE:NTG) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $49.05 and traded as high as $53.44. Tortoise Midstream Energy Fund shares last traded at $53.36, with a volume of 24,436 shares changing hands.

Tortoise Midstream Energy Fund Stock Up 2.7 %

The company’s fifty day simple moving average is $54.64 and its two-hundred day simple moving average is $49.11.

Tortoise Midstream Energy Fund Announces Dividend

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

Institutional Trading of Tortoise Midstream Energy Fund

Several institutional investors have recently added to or reduced their stakes in NTG. JPMorgan Chase & Co. acquired a new stake in shares of Tortoise Midstream Energy Fund during the third quarter worth $25,000. Stansberry Asset Management LLC increased its position in Tortoise Midstream Energy Fund by 1.2% during the third quarter. Stansberry Asset Management LLC now owns 44,701 shares of the investment management company’s stock worth $2,125,000 after acquiring an additional 514 shares during the period. Quarry LP bought a new position in Tortoise Midstream Energy Fund during the third quarter worth about $73,000. Concorde Asset Management LLC raised its stake in Tortoise Midstream Energy Fund by 11.1% in the 3rd quarter. Concorde Asset Management LLC now owns 13,000 shares of the investment management company’s stock worth $618,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Tortoise Midstream Energy Fund by 274.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 18,799 shares of the investment management company’s stock valued at $894,000 after purchasing an additional 13,781 shares during the period.

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.