Diversified Trust Co bought a new stake in shares of Tortoise MLP Fund, Inc. (NYSE:NTG) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 147,400 shares of the investment management company’s stock, valued at approximately $2,588,000. Diversified Trust Co owned approximately 0.31% of Tortoise MLP Fund as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the company. Oxbow Advisors LLC boosted its position in 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 in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Tortoise MLP Fund by 213.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 189,461 shares of the investment management company’s stock worth $3,433,000 after purchasing an additional 129,105 shares in the last quarter. Cetera Investment Advisers acquired a new position in shares of Tortoise MLP Fund during the second quarter worth approximately $442,000. Northern Capital Management LLC lifted its position in shares of Tortoise MLP Fund by 43.9% during the third quarter. Northern Capital Management LLC now owns 159,660 shares of the investment management company’s stock worth $2,893,000 after purchasing an additional 48,720 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its position in shares of Tortoise MLP Fund by 12.9% during the third quarter. Sterling Capital Management LLC now owns 66,575 shares of the investment management company’s stock worth $1,206,000 after purchasing an additional 7,600 shares in the last quarter.
Shares of Tortoise MLP Fund, Inc. (NTG) traded down $0.24 during mid-day trading on Friday, hitting $18.95. 281,900 shares of the stock were exchanged, compared to its average volume of 225,950. Tortoise MLP Fund, Inc. has a 12 month low of $14.91 and a 12 month high of $21.84.
In other Tortoise MLP Fund news, major shareholder Prudential Financial Inc purchased 32,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was acquired at an average cost of $26,562,500.00 per share, with a total value of $850,000,000,000,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought 32,003,250 shares of company stock worth $850,000,000,052,530 over the last quarter.
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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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