Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) is Meixler Investment Management Ltd.’s 6th Largest Position

Meixler Investment Management Ltd. boosted its position in shares of Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) by 17.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,616 shares of the investment management company’s stock after acquiring an additional 14,394 shares during the period. Tortoise Midstream Energy Fund accounts for 2.7% of Meixler Investment Management Ltd.’s holdings, making the stock its 6th biggest position. Meixler Investment Management Ltd.’s holdings in Tortoise Midstream Energy Fund were worth $3,289,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NTG. Blue Bell Private Wealth Management LLC purchased a new stake in Tortoise Midstream Energy Fund during the fourth quarter valued at approximately $45,000. Asset Allocation Strategies LLC acquired a new position in Tortoise Midstream Energy Fund during the 3rd quarter valued at approximately $218,000. NewEdge Wealth LLC acquired a new position in Tortoise Midstream Energy Fund during the 4th quarter valued at approximately $337,000. Wolverine Asset Management LLC increased its stake in Tortoise Midstream Energy Fund by 485.2% during the 3rd quarter. Wolverine Asset Management LLC now owns 15,887 shares of the investment management company’s stock valued at $543,000 after purchasing an additional 13,172 shares in the last quarter. Finally, Financial Advocates Investment Management increased its stake in Tortoise Midstream Energy Fund by 6.8% during the 3rd quarter. Financial Advocates Investment Management now owns 19,512 shares of the investment management company’s stock valued at $667,000 after purchasing an additional 1,244 shares in the last quarter.

Tortoise Midstream Energy Fund Trading Down 0.1 %

Tortoise Midstream Energy Fund stock traded down $0.04 during mid-day trading on Friday, reaching $38.92. 3,893 shares of the company traded hands, compared to its average volume of 12,854. Tortoise Midstream Energy Fund, Inc. has a fifty-two week low of $31.25 and a fifty-two week high of $39.31. The firm’s fifty day moving average is $37.42 and its two-hundred day moving average is $35.44.

Tortoise Midstream Energy Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 22nd were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $3.08 dividend on an annualized basis and a yield of 7.91%. Tortoise Midstream Energy Fund’s payout ratio is -10,341.47%.

Tortoise Midstream Energy Fund Company 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.