Allen Investment Management LLC Decreases Holdings in Tortoise MLP Fund Inc (NTG)
Allen Investment Management LLC lessened its stake in shares of Tortoise MLP Fund Inc (NYSE:NTG) by 76.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 102,549 shares of the investment management company’s stock after selling 323,857 shares during the quarter. Allen Investment Management LLC’s holdings in Tortoise MLP Fund were worth $1,256,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of NTG. Rivernorth Capital Management LLC bought a new stake in shares of Tortoise MLP Fund during the third quarter worth $17,369,000. Sageworth Trust Co lifted its holdings in shares of Tortoise MLP Fund by 4,641.1% during the fourth quarter. Sageworth Trust Co now owns 474,111 shares of the investment management company’s stock worth $5,808,000 after purchasing an additional 464,111 shares during the period. Oxbow Advisors LLC lifted its holdings in shares of Tortoise MLP Fund by 55.4% during the third quarter. Oxbow Advisors LLC now owns 1,022,626 shares of the investment management company’s stock worth $16,444,000 after purchasing an additional 364,762 shares during the period. Cohen & Steers Inc. lifted its holdings in shares of Tortoise MLP Fund by 304.4% during the third quarter. Cohen & Steers Inc. now owns 349,286 shares of the investment management company’s stock worth $5,617,000 after purchasing an additional 262,914 shares during the period. Finally, Ruffer LLP acquired a new position in shares of Tortoise MLP Fund during the third quarter worth $3,309,000.
Shares of NYSE:NTG opened at $14.05 on Wednesday. Tortoise MLP Fund Inc has a 52 week low of $11.02 and a 52 week high of $19.97.
In other Tortoise MLP Fund news, insider Matthew Sallee purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, November 28th. The shares were bought at an average price of $13.36 per share, for a total transaction of $26,720.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Alan Kessens purchased 3,000 shares of the business’s stock in a transaction dated Thursday, December 6th. The shares were acquired at an average price of $13.30 per share, for a total transaction of $39,900.00. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 9,010 shares of company stock worth $115,565.
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Tortoise MLP 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.
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