Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. trimmed its position in Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) by 3.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,200 shares of the investment management company’s stock after selling 300 shares during the quarter. Moors & Cabot Inc.’s holdings in Tortoise Midstream Energy Fund were worth $390,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisors Asset Management Inc. boosted its position in Tortoise Midstream Energy Fund by 1.6% during the 1st quarter. Advisors Asset Management Inc. now owns 79,903 shares of the investment management company’s stock valued at $3,063,000 after purchasing an additional 1,249 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in shares of Tortoise Midstream Energy Fund during the second quarter worth about $216,000. Calamos Advisors LLC increased its holdings in shares of Tortoise Midstream Energy Fund by 33.7% in the 2nd 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 during the period. Meixler Investment Management Ltd. lifted its position in Tortoise Midstream Energy Fund by 1.1% in the 2nd quarter. Meixler Investment Management Ltd. now owns 105,958 shares of the investment management company’s stock valued at $4,551,000 after purchasing an additional 1,125 shares during the last quarter. Finally, Financial Advocates Investment Management boosted its stake in Tortoise Midstream Energy Fund by 1.3% during the 2nd 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 period.

Insider Activity at Tortoise Midstream Energy Fund

In other Tortoise Midstream Energy Fund news, major shareholder Saba Capital Management, L.P. purchased 4,725 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were purchased at an average price of $44.84 per share, for a total transaction of $211,869.00. Following the completion of the transaction, the insider now owns 515,767 shares in the company, valued at $23,126,992.28. This represents a 0.92 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Tortoise Midstream Energy Fund Stock Up 1.1 %

NTG opened at $57.38 on Friday. The business’s 50 day moving average is $50.76 and its 200-day moving average is $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 business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 22nd will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 5.65%. The ex-dividend date of this dividend is Friday, November 22nd. Tortoise Midstream Energy Fund’s dividend payout ratio (DPR) is presently -10,610.08%.

Tortoise Midstream Energy Fund 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.