Tortoise MLP Fund, Inc. (NTG) Insider Buys $10,107.50 in Stock

Tortoise MLP Fund, Inc. (NYSE:NTG) insider Robert Joseph Jr. Thummel purchased 650 shares of the stock in a transaction dated Thursday, November 30th. The stock was purchased at an average price of $15.55 per share, with a total value of $10,107.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Tortoise MLP Fund, Inc. (NYSE:NTG) traded up $0.65 during midday trading on Tuesday, hitting $16.31. The stock had a trading volume of 499,000 shares, compared to its average volume of 130,109. Tortoise MLP Fund, Inc. has a 1-year low of $14.91 and a 1-year high of $21.84.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Wednesday, November 22nd were issued a $0.4225 dividend. The ex-dividend date was Tuesday, November 21st. This represents a $1.69 dividend on an annualized basis and a dividend yield of 10.36%.

Several hedge funds and other institutional investors have recently modified their holdings of NTG. Janney Montgomery Scott LLC grew its stake in Tortoise MLP Fund by 18.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 25,242 shares of the investment management company’s stock worth $487,000 after buying an additional 3,978 shares during the last quarter. Founders Financial Securities LLC grew its stake in Tortoise MLP Fund by 1.0% during the 2nd quarter. Founders Financial Securities LLC now owns 26,280 shares of the investment management company’s stock worth $507,000 after buying an additional 250 shares during the last quarter. Crescent Grove Advisors LLC bought a new position in Tortoise MLP Fund during the 2nd quarter worth $8,416,000. Advisors Asset Management Inc. grew its stake in Tortoise MLP Fund by 7.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 541,223 shares of the investment management company’s stock worth $10,440,000 after buying an additional 38,111 shares during the last quarter. Finally, Tocqueville Asset Management L.P. grew its stake in Tortoise MLP Fund by 0.7% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 103,513 shares of the investment management company’s stock worth $1,997,000 after buying an additional 750 shares during the last quarter.

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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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