Wolverine Asset Management LLC Boosts Stake in Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)

Wolverine Asset Management LLC grew its position in shares of Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) by 194.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,852 shares of the investment management company’s stock after buying an additional 30,965 shares during the quarter. Wolverine Asset Management LLC’s holdings in Tortoise Midstream Energy Fund were worth $1,629,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of NTG. HighTower Advisors LLC bought a new stake in shares of Tortoise Midstream Energy Fund in the 3rd quarter worth approximately $1,082,000. Advisors Asset Management Inc. raised its stake in shares of Tortoise Midstream Energy Fund by 50.4% in the third quarter. Advisors Asset Management Inc. now owns 77,911 shares of the investment management company’s stock valued at $2,661,000 after buying an additional 26,109 shares during the period. Meixler Investment Management Ltd. raised its stake in Tortoise Midstream Energy Fund by 22.8% in the 3rd quarter. Meixler Investment Management Ltd. now owns 80,222 shares of the investment management company’s stock valued at $2,740,000 after acquiring an additional 14,875 shares during the period. NewEdge Wealth LLC bought a new stake in Tortoise Midstream Energy Fund in the 4th quarter valued at about $337,000. Finally, Asset Allocation Strategies LLC bought a new stake in Tortoise Midstream Energy Fund in the 3rd quarter valued at about $218,000.

Tortoise Midstream Energy Fund Price Performance

NYSE NTG opened at $38.97 on Thursday. The company’s 50 day moving average is $37.30 and its 200-day moving average is $35.36. Tortoise Midstream Energy Fund, Inc. has a 12-month low of $31.25 and a 12-month high of $39.31.

Tortoise Midstream Energy Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.77 per share. The ex-dividend date was Wednesday, February 21st. This represents a $3.08 dividend on an annualized basis and a yield of 7.90%. Tortoise Midstream Energy Fund’s payout ratio is -10,341.47%.

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.