Tortoise MLP Fund, Inc. (NYSE:NTG) Insider Acquires $16,350.00 in Stock

Tortoise MLP Fund, Inc. (NYSE:NTG) insider Matthew Sallee purchased 1,000 shares of Tortoise MLP Fund stock in a transaction on Thursday, November 16th. The shares were acquired at an average price of $16.35 per share, with a total value of $16,350.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Tortoise MLP Fund, Inc. (NYSE NTG) opened at $16.01 on Tuesday. Tortoise MLP Fund, Inc. has a 12-month low of $14.91 and a 12-month high of $21.84.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 22nd were given a dividend of $0.4225 per share. The ex-dividend date was Tuesday, November 21st. This represents a $1.69 dividend on an annualized basis and a yield of 10.56%.

Hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN lifted its holdings in shares of Tortoise MLP Fund by 38.9% in the third quarter. Wells Fargo & Company MN now owns 767,443 shares of the investment management company’s stock valued at $13,906,000 after buying an additional 214,840 shares during the period. Oxbow Advisors LLC lifted its holdings in shares of Tortoise MLP Fund by 27.6% in the third quarter. Oxbow Advisors LLC now owns 595,082 shares of the investment management company’s stock valued at $10,783,000 after buying an additional 128,834 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Tortoise MLP Fund by 7.6% in the second quarter. Advisors Asset Management Inc. now owns 541,223 shares of the investment management company’s stock valued at $10,440,000 after buying an additional 38,111 shares during the period. Crescent Grove Advisors LLC lifted its holdings in shares of Tortoise MLP Fund by 1.3% in the third quarter. Crescent Grove Advisors LLC now owns 441,910 shares of the investment management company’s stock valued at $8,007,000 after buying an additional 5,629 shares during the period. Finally, Mariner Wealth Advisors LLC lifted its holdings in shares of Tortoise MLP Fund by 0.5% in the second quarter. Mariner Wealth Advisors LLC now owns 372,579 shares of the investment management company’s stock valued at $7,187,000 after buying an additional 1,881 shares during the period.

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Tortoise MLP Fund Company Profile

Tortoise MLP Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to seek a high level of total return with an emphasis on current distributions. It invests primarily in master limited partnerships (MLPs) and their affiliates that own and operate a network of pipeline and energy-related logistical infrastructure assets.

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