Tortoise MLP Fund Inc (NYSE:NTG): Negative Stock Sentiment

September 8, 2018 - By Mary Kidd

Sentiment for Tortoise MLP Fund Inc (NYSE:NTG)

Tortoise MLP Fund Inc (NYSE:NTG) institutional sentiment decreased to 0.85 in 2018 Q1. Its down -0.27, from 1.12 in 2017Q4. The ratio has worsened, as 33 hedge funds increased and started new equity positions, while 39 reduced and sold holdings in Tortoise MLP Fund Inc. The hedge funds in our partner’s database reported: 8.88 million shares, down from 9.41 million shares in 2017Q4. Also, the number of hedge funds holding Tortoise MLP Fund Inc in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 16 Reduced: 23 Increased: 16 New Position: 17.

Tortoise MLP Fund, Inc. is a close ended equity mutual fund launched and managed by Tortoise Capital Advisors L.L.C. The company has market cap of $. It invests in public equity markets. It currently has negative earnings. The fund primarily invests in equity securities of MLPs and their affiliates, with an emphasis on natural gas infrastructure Master Limited Partnerships.

The stock decreased 1.40% or $0.23 during the last trading session, reaching $16.22. About 325,880 shares traded. Tortoise MLP Fund, Inc (NYSE:NTG) has declined 8.04% since September 8, 2017 and is downtrending. It has underperformed by 20.61% the S&P500.

Oxbow Advisors Llc holds 2.05% of its portfolio in Tortoise MLP Fund, Inc for 630,413 shares. Arete Wealth Advisors Llc owns 185,466 shares or 0.98% of their US portfolio. Moreover, Anderson Hoagland & Co has 0.94% invested in the company for 102,190 shares. The Illinois-based Bard Associates Inc has invested 0.56% in the stock. Northern Capital Management Llc, a Wisconsin-based fund reported 115,990 shares.

Another recent and important Tortoise MLP Fund, Inc (NYSE:NTG) news was published by which published an article titled: “Tortoise MLP Fund, Inc. (NTG) Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of …” on September 05, 2018.

Tortoise MLP Fund, Inc (NYSE:NTG) Ratings Chart

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