Allspring Global Investments Holdings LLC Has $628,000 Stock Position in Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)

Allspring Global Investments Holdings LLC boosted its stake in Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) by 17.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 13,223 shares of the investment management company’s stock after buying an additional 1,994 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Tortoise Midstream Energy Fund were worth $628,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Advisors Asset Management Inc. lifted its stake in Tortoise Midstream Energy Fund by 1.6% in the 1st quarter. Advisors Asset Management Inc. now owns 79,903 shares of the investment management company’s stock valued at $3,063,000 after purchasing an additional 1,249 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings 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 purchasing an additional 975 shares during the period. Almitas Capital LLC grew its holdings in Tortoise Midstream Energy Fund by 34.7% in the second quarter. Almitas Capital LLC now owns 180,717 shares of the investment management company’s stock worth $7,762,000 after purchasing an additional 46,578 shares during the period. Concorde Asset Management LLC acquired a new stake in Tortoise Midstream Energy Fund in the second quarter worth $503,000. Finally, Private Advisor Group LLC lifted its stake in shares of Tortoise Midstream Energy Fund by 8.8% in the second quarter. Private Advisor Group LLC now owns 12,098 shares of the investment management company’s stock valued at $520,000 after buying an additional 977 shares in the last quarter.

Tortoise Midstream Energy Fund Stock Down 0.8 %

Tortoise Midstream Energy Fund stock opened at $49.99 on Friday. The firm’s fifty day moving average price is $47.96 and its two-hundred day moving average price is $43.59. Tortoise Midstream Energy Fund, Inc. has a 1-year low of $32.70 and a 1-year high of $50.81.

Tortoise Midstream Energy Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 23rd were given a $0.81 dividend. This is a positive change from Tortoise Midstream Energy Fund’s previous quarterly dividend of $0.77. The ex-dividend date was Friday, August 23rd. This represents a $3.24 annualized dividend and a yield of 6.48%. Tortoise Midstream Energy Fund’s payout ratio is currently -10,475.77%.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. acquired 4,725 shares of Tortoise Midstream Energy Fund stock in a transaction that occurred on Friday, August 30th. The stock was bought at an average price of $44.84 per share, with a total value of $211,869.00. Following the completion of the purchase, the insider now owns 515,767 shares in the company, valued at approximately $23,126,992.28. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

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.