Moors & Cabot Inc. Boosts Holdings in Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)

Moors & Cabot Inc. raised its position in Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) by 13.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 8,500 shares of the investment management company’s stock after acquiring an additional 1,000 shares during the quarter. Moors & Cabot Inc.’s holdings in Tortoise Midstream Energy Fund were worth $365,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Advisor Group LLC lifted its holdings in shares of Tortoise Midstream Energy Fund by 8.8% during the 2nd quarter. Private Advisor Group LLC now owns 12,098 shares of the investment management company’s stock valued at $520,000 after purchasing an additional 977 shares during the last quarter. Matisse Capital increased its position in Tortoise Midstream Energy Fund by 7.0% during the 2nd quarter. Matisse Capital now owns 6,655 shares of the investment management company’s stock valued at $286,000 after buying an additional 435 shares in the last quarter. Financial Advocates Investment Management raised its stake in Tortoise Midstream Energy Fund by 1.3% in the second quarter. Financial Advocates Investment Management now owns 20,166 shares of the investment management company’s stock valued at $866,000 after buying an additional 259 shares during the last quarter. Meixler Investment Management Ltd. boosted its holdings in Tortoise Midstream Energy Fund by 1.1% in the second quarter. Meixler Investment Management Ltd. now owns 105,958 shares of the investment management company’s stock worth $4,551,000 after acquiring an additional 1,125 shares in the last quarter. Finally, Calamos Advisors LLC grew its stake in shares of Tortoise Midstream Energy Fund by 33.7% during the second quarter. Calamos Advisors LLC now owns 9,366 shares of the investment management company’s stock worth $402,000 after acquiring an additional 2,360 shares during the last quarter.

Tortoise Midstream Energy Fund Stock Performance

NTG opened at $47.68 on Friday. The firm’s 50-day moving average price is $44.23 and its 200-day moving average price is $41.06. Tortoise Midstream Energy Fund, Inc. has a 52-week low of $31.54 and a 52-week high of $48.02.

Tortoise Midstream Energy Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 23rd were issued a $0.81 dividend. The ex-dividend date was Friday, August 23rd. This is a positive change from Tortoise Midstream Energy Fund’s previous quarterly dividend of $0.77. This represents a $3.24 dividend on an annualized basis and a dividend yield of 6.80%. Tortoise Midstream Energy Fund’s dividend payout ratio is currently -10,475.77%.

Insider Buying and Selling

In other Tortoise Midstream Energy Fund news, major shareholder Saba Capital Management, L.P. purchased 4,725 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were bought at an average price of $44.84 per share, for a total transaction of $211,869.00. Following the acquisition, the insider now owns 515,767 shares in the company, valued at $23,126,992.28. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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.