Tortoise MLP Fund Inc (NYSE:NTG) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $13.69 and last traded at $13.84, with a volume of 8053 shares traded. The stock had previously closed at $14.08.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 23rd will be issued a dividend of $0.423 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 12.28%. The ex-dividend date of this dividend is Wednesday, November 21st.

In other news, major shareholder Prudential Financial Inc purchased 48,000,000 shares of the business’s stock in a transaction dated Tuesday, October 16th. The stock was bought at an average price of $8,375,000.00 per share, with a total value of $402,000,000,000,000.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Several institutional investors have recently modified their holdings of the company. Sterling Capital Management LLC lifted its holdings in shares of Tortoise MLP Fund by 4.2% during the 2nd quarter. Sterling Capital Management LLC now owns 81,375 shares of the investment management company’s stock worth $1,389,000 after acquiring an additional 3,300 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Tortoise MLP Fund by 11.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 43,480 shares of the investment management company’s stock worth $699,000 after acquiring an additional 4,357 shares during the period. Tocqueville Asset Management L.P. lifted its holdings in shares of Tortoise MLP Fund by 9.3% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 87,960 shares of the investment management company’s stock worth $1,501,000 after acquiring an additional 7,500 shares during the period. Sageworth Trust Co bought a new stake in shares of Tortoise MLP Fund during the 3rd quarter worth approximately $161,000. Finally, Mutual Advisors LLC bought a new stake in shares of Tortoise MLP Fund during the 3rd quarter worth approximately $180,000.

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Tortoise MLP Fund Company Profile (NYSE:NTG)

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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