Cohen & Steers Inc. Raises Stake in Tortoise MLP Fund Inc (NTG)

Cohen & Steers Inc. increased its position in Tortoise MLP Fund Inc (NYSE:NTG) by 4.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 364,043 shares of the investment management company’s stock after purchasing an additional 14,757 shares during the quarter. Cohen & Steers Inc.’s holdings in Tortoise MLP Fund were worth $4,460,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of NTG. LPL Financial LLC acquired a new position in Tortoise MLP Fund during the 3rd quarter valued at about $187,000. Sageworth Trust Co boosted its stake in Tortoise MLP Fund by 4,641.1% during the 4th quarter. Sageworth Trust Co now owns 474,111 shares of the investment management company’s stock valued at $5,808,000 after purchasing an additional 464,111 shares during the last quarter. First Republic Investment Management Inc. acquired a new position in Tortoise MLP Fund during the 3rd quarter valued at about $1,986,000. City of London Investment Management Co. Ltd. acquired a new position in Tortoise MLP Fund during the 4th quarter valued at about $4,230,000. Finally, Weather Gauge Advisory LLC acquired a new position in Tortoise MLP Fund during the 4th quarter valued at about $1,532,000.

NTG stock opened at $13.91 on Friday. Tortoise MLP Fund Inc has a 52-week low of $11.02 and a 52-week high of $19.50.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 28th. Shareholders of record on Thursday, February 21st were paid a dividend of $0.4225 per share. The ex-dividend date of this dividend was Wednesday, February 20th. This represents a $1.69 dividend on an annualized basis and a yield of 12.15%.

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About Tortoise MLP 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.

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Institutional Ownership by Quarter for Tortoise MLP Fund (NYSE:NTG)

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