Sit Investment Associates Inc. boosted its stake in Tortoise MLP Fund, Inc. (NYSE:NTG) by 31.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 778,951 shares of the investment management company’s stock after acquiring an additional 188,282 shares during the quarter. Sit Investment Associates Inc. owned 1.65% of Tortoise MLP Fund worth $13,678,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of NTG. Stifel Financial Corp lifted its position in Tortoise MLP Fund by 7.0% in the 2nd quarter. Stifel Financial Corp now owns 20,582 shares of the investment management company’s stock valued at $392,000 after acquiring an additional 1,345 shares in the last quarter. Cetera Investment Advisers bought a new stake in Tortoise MLP Fund during the 2nd quarter worth about $442,000. Ameriprise Financial Inc. lifted its position in Tortoise MLP Fund by 3.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 42,077 shares of the investment management company’s stock worth $812,000 after buying an additional 1,377 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Tortoise MLP Fund by 19.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 60,356 shares of the investment management company’s stock worth $1,164,000 after buying an additional 9,691 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its position in Tortoise MLP Fund by 12.9% during the 3rd quarter. Sterling Capital Management LLC now owns 66,575 shares of the investment management company’s stock worth $1,206,000 after buying an additional 7,600 shares in the last quarter.
Shares of Tortoise MLP Fund, Inc. (NTG) opened at $19.19 on Thursday. Tortoise MLP Fund, Inc. has a 52-week low of $14.91 and a 52-week high of $21.84.
In other Tortoise MLP Fund news, major shareholder Prudential Financial Inc purchased 32,000,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were purchased at an average cost of $26,562,500.00 per share, with a total value of $850,000,000,000,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders have acquired a total of 32,003,250 shares of company stock worth $850,000,000,052,530 over the last three months.
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Tortoise MLP Fund 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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