Tortoise Midstream Energy Fund (NYSE:NTG) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $49.46 and traded as high as $53.44. Tortoise Midstream Energy Fund shares last traded at $53.36, with a volume of 24,436 shares changing hands.

Tortoise Midstream Energy Fund Stock Performance

The stock has a 50-day simple moving average of $54.53 and a 200 day simple moving average of $49.53.

Tortoise Midstream Energy Fund Dividend Announcement

The company also recently disclosed a — dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 6th were paid a dividend of $0.53 per share. The ex-dividend date was Friday, December 6th. This represents a yield of 5.5%. Tortoise Midstream Energy Fund’s dividend payout ratio (DPR) is currently -10,610.08%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new position in Tortoise Midstream Energy Fund in the third quarter valued at $25,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Tortoise Midstream Energy Fund by 3,900.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the investment management company’s stock valued at $43,000 after purchasing an additional 975 shares in the last quarter. Quarry LP purchased a new stake in Tortoise Midstream Energy Fund in the 3rd quarter valued at approximately $73,000. Ariadne Wealth Management LP purchased a new stake in Tortoise Midstream Energy Fund in the 2nd quarter valued at approximately $452,000. Finally, Bayshore Asset Management LLC purchased a new stake in Tortoise Midstream Energy Fund in the 3rd quarter valued at approximately $518,000.

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.