Tortoise Midstream Energy Fund (NYSE:NTG) Shares Pass Above Two Hundred Day Moving Average of $37.48

Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $37.48 and traded as high as $43.08. Tortoise Midstream Energy Fund shares last traded at $42.92, with a volume of 4,892 shares changing hands.

Tortoise Midstream Energy Fund Price Performance

The firm has a 50-day simple moving average of $40.06 and a 200 day simple moving average of $37.48.

Tortoise Midstream Energy Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 24th were given a $0.77 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $3.08 dividend on an annualized basis and a yield of 7.18%. Tortoise Midstream Energy Fund’s payout ratio is currently -10,341.47%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. NewEdge Wealth LLC bought a new stake in Tortoise Midstream Energy Fund during the fourth quarter valued at $337,000. Principal Securities Inc. bought a new stake in shares of Tortoise Midstream Energy Fund during the 4th quarter valued at about $32,000. Steward Partners Investment Advisory LLC raised its stake in Tortoise Midstream Energy Fund by 3.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,400 shares of the investment management company’s stock worth $362,000 after acquiring an additional 375 shares during the period. Quantedge Capital Pte Ltd lifted its holdings 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 acquiring an additional 3,641 shares during the last quarter. Finally, Meixler Investment Management Ltd. boosted its stake in Tortoise Midstream Energy Fund by 17.9% in the fourth quarter. Meixler Investment Management Ltd. now owns 94,616 shares of the investment management company’s stock valued at $3,289,000 after acquiring an additional 14,394 shares during the period.

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.