Moors & Cabot Inc. Has $390,000 Position in Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)

Moors & Cabot Inc. lessened its holdings in shares of Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) by 3.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 8,200 shares of the investment management company’s stock after selling 300 shares during the period. Moors & Cabot Inc.’s holdings in Tortoise Midstream Energy Fund were worth $390,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Almitas Capital LLC grew its stake in Tortoise Midstream Energy Fund by 34.7% in the 2nd 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 during the last quarter. Meixler Investment Management Ltd. lifted its position in Tortoise Midstream Energy Fund by 1.1% during the 2nd quarter. Meixler Investment Management Ltd. now owns 105,958 shares of the investment management company’s stock worth $4,551,000 after acquiring an additional 1,125 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Tortoise Midstream Energy Fund by 1.6% during the first quarter. Advisors Asset Management Inc. now owns 79,903 shares of the investment management company’s stock valued at $3,063,000 after acquiring an additional 1,249 shares during the period. Financial Advocates Investment Management grew its position in shares of Tortoise Midstream Energy Fund by 1.3% in the second quarter. Financial Advocates Investment Management now owns 20,166 shares of the investment management company’s stock valued at $866,000 after purchasing an additional 259 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Tortoise Midstream Energy Fund by 274.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 18,799 shares of the investment management company’s stock worth $894,000 after purchasing an additional 13,781 shares during the period.

Tortoise Midstream Energy Fund Stock Performance

Shares of NYSE:NTG opened at $57.38 on Friday. The business has a 50 day moving average price of $50.76 and a 200 day moving average price of $45.30. Tortoise Midstream Energy Fund, Inc. has a twelve month low of $32.70 and a twelve month high of $57.74.

Tortoise Midstream Energy Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 22nd will be issued a $0.81 dividend. 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 -10,610.08%.

Insiders Place Their Bets

In other Tortoise Midstream Energy Fund news, major shareholder Saba Capital Management, L.P. acquired 4,725 shares of Tortoise Midstream Energy Fund stock in a transaction dated Friday, August 30th. The stock was bought at an average cost of $44.84 per share, with a total value of $211,869.00. Following the acquisition, the insider now owns 515,767 shares of the company’s stock, valued at approximately $23,126,992.28. The trade was a 0.92 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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.