Tortoise Midstream Energy Fund (NYSE:NTG) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)’s share price crossed 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 traded.

Tortoise Midstream Energy Fund Trading Up 2.7 %

The firm’s fifty day moving average is $54.64 and its 200-day moving average is $49.11.

Tortoise Midstream Energy Fund Dividend Announcement

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

Hedge Funds Weigh In On Tortoise Midstream Energy Fund

Institutional investors have recently bought and sold shares of the business. Stansberry Asset Management LLC lifted its position in shares of Tortoise Midstream Energy Fund by 1.2% during the third quarter. Stansberry Asset Management LLC now owns 44,701 shares of the investment management company’s stock worth $2,125,000 after purchasing an additional 514 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Tortoise Midstream Energy Fund by 4.3% in the third quarter. Private Advisor Group LLC now owns 12,613 shares of the investment management company’s stock valued at $599,000 after purchasing an additional 515 shares in the last quarter. JPMorgan Chase & Co. bought a new position in Tortoise Midstream Energy Fund in the 3rd quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. lifted its holdings in 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 buying an additional 975 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its position in Tortoise Midstream Energy Fund by 13.3% in the 2nd quarter. Moors & Cabot Inc. now owns 8,500 shares of the investment management company’s stock valued at $365,000 after buying an additional 1,000 shares during the last quarter.

About Tortoise Midstream Energy Fund

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.