Bayshore Asset Management LLC Takes Position in Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)

Bayshore Asset Management LLC bought a new position in shares of Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,904 shares of the investment management company’s stock, valued at approximately $518,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its stake 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 worth $43,000 after purchasing an additional 975 shares during the last quarter. Everett Harris & Co. CA purchased a new position in Tortoise Midstream Energy Fund during the 1st quarter worth $203,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Tortoise Midstream Energy Fund in the 2nd quarter worth $216,000. Matisse Capital bought a new stake in shares of Tortoise Midstream Energy Fund during the 1st quarter worth $238,000. Finally, Moors & Cabot Inc. boosted its holdings in shares of Tortoise Midstream Energy Fund by 13.3% in the 2nd quarter. Moors & Cabot Inc. now owns 8,500 shares of the investment management company’s stock worth $365,000 after buying an additional 1,000 shares during the last quarter.

Tortoise Midstream Energy Fund Stock Up 0.0 %

Shares of NTG stock opened at $50.45 on Tuesday. Tortoise Midstream Energy Fund, Inc. has a 52 week low of $32.56 and a 52 week high of $50.79. The firm’s 50-day simple moving average is $46.90 and its two-hundred day simple moving average is $42.92.

Tortoise Midstream Energy Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 23rd were issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 6.42%. The ex-dividend date was Friday, August 23rd. This is a positive change from Tortoise Midstream Energy Fund’s previous quarterly dividend of $0.77. Tortoise Midstream Energy Fund’s dividend payout ratio is -10,475.77%.

Insider Buying and Selling at Tortoise Midstream Energy Fund

In other Tortoise Midstream Energy Fund news, major shareholder Saba Capital Management, L.P. acquired 4,725 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were bought at an average price of $44.84 per share, for a total transaction of $211,869.00. Following the completion of the transaction, the insider now owns 515,767 shares of the company’s stock, valued at approximately $23,126,992.28. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Tortoise Midstream Energy Fund Profile

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.