Wolverine Asset Management LLC Has $1.69 Million Position in Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)

Wolverine Asset Management LLC lessened its holdings in shares of Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) by 58.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 39,384 shares of the investment management company’s stock after selling 56,080 shares during the period. Wolverine Asset Management LLC’s holdings in Tortoise Midstream Energy Fund were worth $1,692,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of NTG. Principal Securities Inc. bought a new position in shares of Tortoise Midstream Energy Fund in the 4th quarter worth $32,000. Everett Harris & Co. CA bought a new position in Tortoise Midstream Energy Fund during the first quarter worth about $203,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Tortoise Midstream Energy Fund during the 2nd quarter worth about $216,000. Matisse Capital bought a new stake in shares of Tortoise Midstream Energy Fund in the 1st quarter valued at about $238,000. Finally, Kercheville Advisors LLC bought a new stake in shares of Tortoise Midstream Energy Fund in the 1st quarter valued at about $343,000.

Insider Activity

In other Tortoise Midstream Energy Fund news, major shareholder Saba Capital Management, L.P. purchased 4,725 shares of the stock in a transaction on Friday, August 30th. The stock was bought at an average cost of $44.84 per share, for a total transaction of $211,869.00. Following the completion of the acquisition, the insider now directly owns 515,767 shares of the company’s stock, valued at $23,126,992.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Tortoise Midstream Energy Fund Price Performance

Tortoise Midstream Energy Fund stock opened at $44.76 on Wednesday. The company’s 50 day simple moving average is $43.50 and its 200 day simple moving average is $40.27. Tortoise Midstream Energy Fund, Inc. has a fifty-two week low of $31.54 and a fifty-two week high of $45.56.

Tortoise Midstream Energy Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 23rd were given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 7.24%. This is a boost from Tortoise Midstream Energy Fund’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend was Friday, August 23rd. Tortoise Midstream Energy Fund’s dividend payout ratio (DPR) is currently -10,475.77%.

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.