Tortoise Midstream Energy Fund (NYSE:NTG) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.

Tortoise Midstream Energy Fund Stock Performance

The stock has a 50 day moving average price of $54.61 and a two-hundred day moving average price of $49.05.

Tortoise Midstream Energy Fund Dividend Announcement

The company also recently disclosed a — dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 6th were given a dividend of $0.53 per share. This represents a 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

A number of institutional investors have recently modified their holdings of the business. Private Advisor Group LLC increased its position in Tortoise Midstream Energy Fund by 8.8% during the second quarter. Private Advisor Group LLC now owns 12,098 shares of the investment management company’s stock worth $520,000 after acquiring an additional 977 shares during the period. Moors & Cabot Inc. grew its position in shares of 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 purchasing an additional 1,000 shares in the last quarter. Concorde Asset Management LLC bought a new position in shares of Tortoise Midstream Energy Fund during the second quarter worth approximately $503,000. Almitas Capital LLC raised its position in shares of 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 valued at $7,762,000 after buying an additional 46,578 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position 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.

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.