Arlington Capital Management Inc. Cuts Stock Position in Tortoise Midstream Energy Fund Inc (NYSE:NTG)

Arlington Capital Management Inc. lowered its stake in Tortoise Midstream Energy Fund Inc (NYSE:NTG) by 9.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 107,794 shares of the investment management company’s stock after selling 11,705 shares during the quarter. Tortoise Midstream Energy Fund makes up 0.8% of Arlington Capital Management Inc.’s portfolio, making the stock its 12th biggest position. Arlington Capital Management Inc.’s holdings in Tortoise Midstream Energy Fund were worth $1,325,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Cetera Advisor Networks LLC bought a new stake in Tortoise Midstream Energy Fund during the third quarter valued at about $184,000. D.A. Davidson & CO. raised its holdings in Tortoise Midstream Energy Fund by 6.1% during the third quarter. D.A. Davidson & CO. now owns 164,114 shares of the investment management company’s stock valued at $2,017,000 after acquiring an additional 9,444 shares during the period. Sigma Planning Corp raised its holdings in Tortoise Midstream Energy Fund by 43.6% during the third quarter. Sigma Planning Corp now owns 31,809 shares of the investment management company’s stock valued at $391,000 after acquiring an additional 9,660 shares during the period. Sageworth Trust Co raised its holdings in Tortoise Midstream Energy Fund by 12.2% during the third quarter. Sageworth Trust Co now owns 531,937 shares of the investment management company’s stock valued at $6,538,000 after acquiring an additional 57,826 shares during the period. Finally, Arcus Capital Partners LLC raised its holdings in Tortoise Midstream Energy Fund by 3.5% during the third quarter. Arcus Capital Partners LLC now owns 55,769 shares of the investment management company’s stock valued at $685,000 after acquiring an additional 1,880 shares during the period.

NYSE:NTG opened at $10.59 on Thursday. The business’s 50-day simple moving average is $11.58 and its two-hundred day simple moving average is $12.82. Tortoise Midstream Energy Fund Inc has a 52 week low of $10.59 and a 52 week high of $14.86.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.423 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.69 dividend on an annualized basis and a yield of 15.98%.

Separately, Peel Hunt reissued a “buy” rating on shares of Tortoise Midstream Energy Fund in a report on Tuesday, November 5th.

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.

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

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