Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) Stake Lowered by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its position in shares of Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) by 0.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,115 shares of the investment management company’s stock after selling 279 shares during the period. Advisors Asset Management Inc.’s holdings in Tortoise Midstream Energy Fund were worth $3,808,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Tortoise Midstream Energy Fund by 3,900.0% during the 2nd 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 in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Tortoise Midstream Energy Fund during the second quarter valued at approximately $216,000. Matisse Capital raised its position in Tortoise Midstream Energy Fund by 7.0% during the second quarter. Matisse Capital now owns 6,655 shares of the investment management company’s stock valued at $286,000 after acquiring an additional 435 shares in the last quarter. Moors & Cabot Inc. lifted its stake in Tortoise Midstream Energy Fund by 13.3% in the second quarter. Moors & Cabot Inc. now owns 8,500 shares of the investment management company’s stock valued at $365,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Calamos Advisors LLC grew its position in Tortoise Midstream Energy Fund by 33.7% in 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 in the last quarter.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. purchased 4,725 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were bought at an average price of $44.84 per share, with a total value of $211,869.00. Following the completion of the transaction, the insider now directly owns 515,767 shares in the company, valued at $23,126,992.28. This trade represents a 0.92 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Tortoise Midstream Energy Fund Stock Performance

Tortoise Midstream Energy Fund stock opened at $57.38 on Friday. Tortoise Midstream Energy Fund, Inc. has a 1-year low of $32.70 and a 1-year high of $57.74. The firm’s fifty day simple moving average is $50.76 and its 200-day simple moving average is $45.26.

Tortoise Midstream Energy Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.81 per share. The ex-dividend date is Friday, November 22nd. This represents a $3.24 annualized dividend and a yield of 5.65%. Tortoise Midstream Energy Fund’s dividend payout ratio (DPR) is currently -10,610.08%.

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.