Lee Financial Co Purchases 17,100 Shares of Tortoise MLP Fund, Inc. (NTG)

Lee Financial Co raised its position in shares of Tortoise MLP Fund, Inc. (NYSE:NTG) by 8.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 215,655 shares of the investment management company’s stock after purchasing an additional 17,100 shares during the quarter. Tortoise MLP Fund accounts for approximately 1.3% of Lee Financial Co’s holdings, making the stock its 15th biggest position. Lee Financial Co owned about 0.46% of Tortoise MLP Fund worth $3,908,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NTG. Stifel Financial Corp grew its stake in shares of Tortoise MLP Fund by 7.0% during the 2nd quarter. Stifel Financial Corp now owns 20,582 shares of the investment management company’s stock valued at $392,000 after purchasing an additional 1,345 shares during the period. Cetera Investment Advisers bought a new stake in shares of Tortoise MLP Fund during the 2nd quarter valued at about $442,000. Janney Montgomery Scott LLC grew its stake in shares of Tortoise MLP Fund by 18.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 25,242 shares of the investment management company’s stock valued at $487,000 after purchasing an additional 3,978 shares during the period. Founders Financial Securities LLC grew its stake in shares of Tortoise MLP Fund by 1.0% during the 2nd quarter. Founders Financial Securities LLC now owns 26,280 shares of the investment management company’s stock valued at $507,000 after purchasing an additional 250 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of Tortoise MLP Fund by 3.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 42,077 shares of the investment management company’s stock valued at $812,000 after purchasing an additional 1,377 shares during the period.

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Tortoise MLP Fund, Inc. (NTG) traded down $0.48 during mid-day trading on Tuesday, hitting $16.45. The stock had a trading volume of 195,100 shares, compared to its average volume of 112,502. Tortoise MLP Fund, Inc. has a 12-month low of $16.06 and a 12-month high of $21.84.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 22nd will be given a dividend of $0.4225 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $1.69 dividend on an annualized basis and a dividend yield of 10.27%.

Tortoise MLP Fund Profile

Tortoise MLP Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to seek a high level of total return with an emphasis on current distributions. It invests primarily in master limited partnerships (MLPs) and their affiliates that own and operate a network of pipeline and energy-related logistical infrastructure assets.

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

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