Tortoise Midstream Energy Fund (NYSE:NTG) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

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 traded.

Tortoise Midstream Energy Fund Trading Up 2.7 %

The business’s 50-day moving average is $54.61 and its 200-day moving average is $49.05.

Tortoise Midstream Energy Fund Announces Dividend

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

Institutional Investors Weigh In On Tortoise Midstream Energy Fund

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new position in Tortoise Midstream Energy Fund in the 3rd quarter valued at $25,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of 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 valued at $43,000 after buying an additional 975 shares in the last quarter. Quarry LP bought a new position in shares of Tortoise Midstream Energy Fund in the third quarter valued at about $73,000. Moors & Cabot Inc. lifted its position in Tortoise Midstream Energy Fund by 13.3% during the 2nd quarter. Moors & Cabot Inc. now owns 8,500 shares of the investment management company’s stock worth $365,000 after buying an additional 1,000 shares in the last quarter. Finally, Ariadne Wealth Management LP bought a new stake in Tortoise Midstream Energy Fund during the 2nd quarter worth about $452,000.

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.