Media headlines about Tortoise MLP Fund (NYSE:NTG) have been trending positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tortoise MLP Fund earned a coverage optimism score of 0.26 on Accern’s scale. Accern also gave news headlines about the investment management company an impact score of 44.1325741449685 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Tortoise MLP Fund (NTG) traded up $0.26 during trading on Thursday, reaching $19.06. The company’s stock had a trading volume of 144,000 shares, compared to its average volume of 232,414. Tortoise MLP Fund has a 12-month low of $14.91 and a 12-month high of $21.84.
In other news, major shareholder Prudential Financial Inc acquired 32,000,000 shares of Tortoise MLP Fund stock in a transaction on Wednesday, December 13th. The stock was purchased at an average price of $26,562,500.00 per share, with a total value of $850,000,000,000,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired 32,003,250 shares of company stock valued at $850,000,000,052,530 in the last three months.
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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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