Oppenheimer & Co. Inc. Decreases Stock Holdings in Tortoise Midstream Energy Fund Inc (NYSE:NTG)

Oppenheimer & Co. Inc. decreased its position in Tortoise Midstream Energy Fund Inc (NYSE:NTG) by 67.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,329 shares of the investment management company’s stock after selling 169,785 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Tortoise Midstream Energy Fund were worth $913,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its position in shares of Tortoise Midstream Energy Fund by 7.3% in the third quarter. Commonwealth Equity Services LLC now owns 73,042 shares of the investment management company’s stock valued at $897,000 after acquiring an additional 4,963 shares during the period. Sunbelt Securities Inc. purchased a new position in shares of Tortoise Midstream Energy Fund in the third quarter valued at about $293,000. Arcus Capital Partners LLC increased its position in shares of Tortoise Midstream Energy Fund by 3.5% in 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. Sigma Planning Corp increased its position in shares of Tortoise Midstream Energy Fund by 43.6% in 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. Finally, Advisory Services Network LLC purchased a new position in shares of Tortoise Midstream Energy Fund in the fourth quarter valued at about $87,000.

Shares of NTG stock traded down $0.33 during mid-day trading on Monday, reaching $9.13. The stock had a trading volume of 43,543 shares, compared to its average volume of 667,563. The stock’s 50-day moving average price is $10.69 and its two-hundred day moving average price is $11.29. Tortoise Midstream Energy Fund Inc has a 52-week low of $9.44 and a 52-week high of $14.65.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be given a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 10.30%. The ex-dividend date is Thursday, February 20th.

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.

Further Reading: Quiet Period

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

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