Tortoise Midstream Energy Fund (NYSE:NTG) Stock Passes Above 200-Day Moving Average of $35.14

Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $35.14 and traded as high as $36.76. Tortoise Midstream Energy Fund shares last traded at $36.50, with a volume of 12,989 shares traded.

Tortoise Midstream Energy Fund Stock Performance

The company has a 50 day moving average of $36.98 and a 200-day moving average of $35.17.

Tortoise Midstream Energy Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 22nd were given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 8.27%. The ex-dividend date of this dividend was Wednesday, February 21st. Tortoise Midstream Energy Fund’s dividend payout ratio is presently -10,341.47%.

Institutional Investors Weigh In On Tortoise Midstream Energy Fund

Large investors have recently added to or reduced their stakes in the stock. Principal Securities Inc. acquired a new stake in Tortoise Midstream Energy Fund in the fourth quarter worth $32,000. Blue Bell Private Wealth Management LLC acquired a new position in shares of Tortoise Midstream Energy Fund during the fourth quarter valued at $45,000. Harbour Investments Inc. acquired a new position in shares of Tortoise Midstream Energy Fund during the first quarter valued at $121,000. City of London Investment Management Co. Ltd. acquired a new position in shares of Tortoise Midstream Energy Fund during the first quarter valued at $204,000. Finally, HighTower Advisors LLC acquired a new position in shares of Tortoise Midstream Energy Fund during the first quarter valued at $201,000.

About Tortoise Midstream Energy Fund

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.