Sigma Planning Corp Grows Position in Tortoise Midstream Energy Fund Inc (NYSE:NTG)

Sigma Planning Corp grew its stake in shares of Tortoise Midstream Energy Fund Inc (NYSE:NTG) by 16.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,149 shares of the investment management company’s stock after purchasing an additional 3,160 shares during the quarter. Sigma Planning Corp’s holdings in Tortoise Midstream Energy Fund were worth $299,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NTG. Oxbow Advisors LLC increased its stake in Tortoise Midstream Energy Fund by 2.4% in the 1st quarter. Oxbow Advisors LLC now owns 1,128,421 shares of the investment management company’s stock worth $15,820,000 after acquiring an additional 26,045 shares during the last quarter. Lee Financial Co grew its position in Tortoise Midstream Energy Fund by 0.3% in the 2nd quarter. Lee Financial Co now owns 531,326 shares of the investment management company’s stock valued at $7,168,000 after acquiring an additional 1,651 shares during the last quarter. Allen Investment Management LLC grew its position in Tortoise Midstream Energy Fund by 380.6% in the 1st quarter. Allen Investment Management LLC now owns 492,896 shares of the investment management company’s stock valued at $6,910,000 after acquiring an additional 390,347 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in Tortoise Midstream Energy Fund by 6.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 276,428 shares of the investment management company’s stock valued at $3,876,000 after acquiring an additional 17,922 shares during the last quarter. Finally, Bank of Montreal Can grew its position in Tortoise Midstream Energy Fund by 563.5% in the 1st quarter. Bank of Montreal Can now owns 210,588 shares of the investment management company’s stock valued at $2,952,000 after acquiring an additional 178,848 shares during the last quarter.

Shares of Tortoise Midstream Energy Fund stock opened at $12.83 on Thursday. The stock’s fifty day moving average is $13.17 and its two-hundred day moving average is $13.75. Tortoise Midstream Energy Fund Inc has a 52 week low of $11.02 and a 52 week high of $16.79.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 23rd will be issued a $0.423 dividend. This represents a $1.69 annualized dividend and a dividend yield of 13.19%. The ex-dividend date of this dividend is Thursday, August 22nd.

About Tortoise Midstream Energy 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.

Featured Story: Why does a company issue an IPO?

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

Receive News & Ratings for Tortoise Midstream Energy Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tortoise Midstream Energy Fund and related companies with MarketBeat.com's FREE daily email newsletter.