Insider Buying: Tortoise MLP Fund Inc (NTG) Insider Acquires 3,000 Shares of Stock

Tortoise MLP Fund Inc (NYSE:NTG) insider Brian Alan Kessens acquired 3,000 shares of the firm’s stock in a transaction dated Thursday, December 6th. The stock was bought at an average price of $13.30 per share, for a total transaction of $39,900.00. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of NTG traded down $0.24 during trading hours on Thursday, hitting $13.50. The company had a trading volume of 747,300 shares, compared to its average volume of 329,560. Tortoise MLP Fund Inc has a 52-week low of $13.06 and a 52-week high of $21.09.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 23rd were issued a $0.423 dividend. The ex-dividend date of this dividend was Wednesday, November 21st. This represents a $1.69 annualized dividend and a dividend yield of 12.53%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rivernorth Capital Management LLC purchased a new position in shares of Tortoise MLP Fund in the third quarter worth about $17,369,000. Oxbow Advisors LLC increased its holdings in shares of Tortoise MLP Fund by 55.4% in the third quarter. Oxbow Advisors LLC now owns 1,022,626 shares of the investment management company’s stock worth $16,444,000 after buying an additional 364,762 shares during the period. Crescent Grove Advisors LLC increased its holdings in shares of Tortoise MLP Fund by 4.0% in the third quarter. Crescent Grove Advisors LLC now owns 442,726 shares of the investment management company’s stock worth $7,119,000 after buying an additional 16,938 shares during the period. Ruffer LLP purchased a new position in shares of Tortoise MLP Fund in the third quarter worth about $3,309,000. Finally, Diversified Trust Co increased its holdings in shares of Tortoise MLP Fund by 3.1% in the third quarter. Diversified Trust Co now owns 156,336 shares of the investment management company’s stock worth $2,514,000 after buying an additional 4,636 shares during the period.

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Tortoise MLP 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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Insider Buying and Selling by Quarter for Tortoise MLP Fund (NYSE:NTG)

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