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

Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $49.05 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 stock’s fifty day moving average price is $54.61 and its 200-day moving average price is $49.05.

Tortoise Midstream Energy Fund Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NTG. Private Advisor Group LLC raised 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 valued at $599,000 after acquiring an additional 515 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Tortoise Midstream Energy Fund by 3,900.0% in the second 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 last quarter. Almitas Capital LLC increased its holdings in shares of Tortoise Midstream Energy Fund by 34.7% in the second quarter. Almitas Capital LLC now owns 180,717 shares of the investment management company’s stock valued at $7,762,000 after purchasing an additional 46,578 shares during the last quarter. Concorde Asset Management LLC bought a new position in shares of Tortoise Midstream Energy Fund in the second quarter valued at about $503,000. Finally, Ariadne Wealth Management LP acquired a new stake in shares of Tortoise Midstream Energy Fund during the 2nd quarter worth about $452,000.

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.