Tortoise Midstream Energy Fund Inc (NYSE:NTG) Shares Sold by Sit Investment Associates Inc.

Sit Investment Associates Inc. trimmed its holdings in shares of Tortoise Midstream Energy Fund Inc (NYSE:NTG) by 53.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 493,938 shares of the investment management company’s stock after selling 568,844 shares during the quarter. Sit Investment Associates Inc.’s holdings in Tortoise Midstream Energy Fund were worth $6,925,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Allen Capital Group LLC grew its position in Tortoise Midstream Energy Fund by 2.5% in the 1st quarter. Allen Capital Group LLC now owns 34,341 shares of the investment management company’s stock valued at $481,000 after buying an additional 828 shares in the last quarter. LPL Financial LLC grew its holdings in Tortoise Midstream Energy Fund by 9.2% during the fourth quarter. LPL Financial LLC now owns 12,674 shares of the investment management company’s stock valued at $155,000 after purchasing an additional 1,067 shares during the last quarter. Cahill Financial Advisors Inc. lifted its position in Tortoise Midstream Energy Fund by 1.7% in the fourth quarter. Cahill Financial Advisors Inc. now owns 77,105 shares of the investment management company’s stock worth $945,000 after purchasing an additional 1,278 shares during the period. Advisor Group Inc. lifted its holdings in shares of Tortoise Midstream Energy Fund by 8.8% during the fourth quarter. Advisor Group Inc. now owns 23,302 shares of the investment management company’s stock valued at $286,000 after acquiring an additional 1,888 shares during the period. Finally, Sigma Planning Corp increased its stake in shares of Tortoise Midstream Energy Fund by 17.7% in the first quarter. Sigma Planning Corp now owns 18,989 shares of the investment management company’s stock valued at $266,000 after buying an additional 2,857 shares in the last quarter.

NTG traded down $0.02 during midday trading on Friday, reaching $13.48. 26,721 shares of the company were exchanged, compared to its average volume of 283,392. Tortoise Midstream Energy Fund Inc has a one year low of $11.02 and a one year high of $18.45.

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 24th were given a dividend of $0.4225 per share. This represents a $1.69 annualized dividend and a dividend yield of 12.54%. The ex-dividend date of this dividend was Thursday, May 23rd.

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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.

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

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