Tortoise MLP Fund, Inc. (NTG) Shares Bought by Allen Investment Management LLC
Allen Investment Management LLC increased its position in Tortoise MLP Fund, Inc. (NYSE:NTG) by 3.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 139,259 shares of the investment management company’s stock after buying an additional 5,273 shares during the period. Allen Investment Management LLC’s holdings in Tortoise MLP Fund were worth $2,686,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. SeaBridge Investment Advisors LLC raised its stake in Tortoise MLP Fund by 0.4% in the second quarter. SeaBridge Investment Advisors LLC now owns 89,180 shares of the investment management company’s stock worth $1,720,000 after buying an additional 360 shares during the period. Founders Financial Securities LLC raised its stake in Tortoise MLP Fund by 1.0% in the second quarter. Founders Financial Securities LLC now owns 26,280 shares of the investment management company’s stock worth $507,000 after buying an additional 250 shares during the period. Advisors Asset Management Inc. raised its stake in Tortoise MLP Fund by 7.6% in the second quarter. Advisors Asset Management Inc. now owns 541,223 shares of the investment management company’s stock worth $10,440,000 after buying an additional 38,111 shares during the period. Crescent Grove Advisors LLC bought a new stake in Tortoise MLP Fund during the second quarter worth about $8,416,000. Finally, Janney Montgomery Scott LLC raised its stake in Tortoise MLP Fund by 18.7% in the second quarter. Janney Montgomery Scott LLC now owns 25,242 shares of the investment management company’s stock worth $487,000 after buying an additional 3,978 shares during the period.
Shares of Tortoise MLP Fund, Inc. (NTG) opened at 17.41 on Tuesday. The stock has a 50 day moving average of $18.73 and a 200-day moving average of $19.56. Tortoise MLP Fund, Inc. has a 52-week low of $17.23 and a 52-week high of $21.84.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 24th will be paid a $0.4225 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $1.69 dividend on an annualized basis and a yield of 9.71%.
TRADEMARK VIOLATION WARNING: This piece of content was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/08/29/tortoise-mlp-fund-inc-ntg-shares-bought-by-allen-investment-management-llc.html.
About Tortoise MLP Fund
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.
Receive News & Stock Ratings for Tortoise MLP Fund Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tortoise MLP Fund Inc. and related stocks with our FREE daily email newsletter.