Tortoise Midstream Energy Fund (NYSE:NTG) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

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 $48.65 and traded as high as $53.44. Tortoise Midstream Energy Fund shares last traded at $53.36, with a volume of 24,436 shares.

Tortoise Midstream Energy Fund Stock Up 2.7 %

The business’s 50 day simple moving average is $54.30 and its 200-day simple moving average is $48.65.

Tortoise Midstream Energy Fund Announces Dividend

The company also recently disclosed a — dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 6th were paid a dividend of $0.53 per share. This represents a yield of 5.5%. The ex-dividend date of this dividend was Friday, December 6th. Tortoise Midstream Energy Fund’s payout ratio is -10,610.08%.

Institutional Trading of Tortoise Midstream Energy Fund

Several hedge funds have recently added to or reduced their stakes in the business. Stansberry Asset Management LLC increased its position in shares of Tortoise Midstream Energy Fund by 1.2% during the third quarter. Stansberry Asset Management LLC now owns 44,701 shares of the investment management company’s stock worth $2,125,000 after acquiring an additional 514 shares in the last quarter. Private Advisor Group LLC boosted its stake in Tortoise Midstream Energy Fund by 4.3% in the 3rd quarter. Private Advisor Group LLC now owns 12,613 shares of the investment management company’s stock worth $599,000 after purchasing an additional 515 shares during the period. JPMorgan Chase & Co. bought a new position in Tortoise Midstream Energy Fund during the 3rd quarter worth about $25,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Tortoise Midstream Energy Fund by 3,900.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the investment management company’s stock valued at $43,000 after purchasing an additional 975 shares during the period. Finally, Moors & Cabot Inc. lifted its holdings in shares of Tortoise Midstream Energy Fund by 13.3% in the second quarter. Moors & Cabot Inc. now owns 8,500 shares of the investment management company’s stock valued at $365,000 after purchasing an additional 1,000 shares in the last quarter.

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.