Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Sees Large Volume Increase – What’s Next?

Tortoise North American Pipeline Fund (NYSEARCA:TPYP) saw unusually-strong trading volume on Friday . Approximately 205,253 shares changed hands during trading, an increase of 93% from the previous session’s volume of 106,594 shares.The stock last traded at $41.1450 and had previously closed at $41.37.

Tortoise North American Pipeline Fund Stock Down 0.3%

The stock has a market cap of $878.77 million, a PE ratio of 18.76 and a beta of 0.62. The business has a 50 day moving average price of $41.76 and a 200 day moving average price of $37.86.

Tortoise North American Pipeline Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Thursday, March 26th were issued a dividend of $0.3407 per share. This is a positive change from Tortoise North American Pipeline Fund’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.36 annualized dividend and a dividend yield of 3.3%.

Institutional Trading of Tortoise North American Pipeline Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new position in shares of Tortoise North American Pipeline Fund in the fourth quarter worth about $46,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Tortoise North American Pipeline Fund during the 4th quarter valued at about $53,000. Private Trust Co. NA purchased a new position in shares of Tortoise North American Pipeline Fund in the 3rd quarter valued at about $168,000. Advisory Services Network LLC purchased a new position in shares of Tortoise North American Pipeline Fund in the 3rd quarter valued at about $174,000. Finally, Sunbelt Securities Inc. acquired a new position in Tortoise North American Pipeline Fund in the 3rd quarter worth about $182,000.

About Tortoise North American Pipeline Fund

The Tortoise North American Pipeline Fund (TPYP) is an exchange-traded fund that is based on the Tortoise North American Pipeline index. The fund tracks an index of North American pipeline entities organized as MLPs, MLP affiliates, LLCs, and corporations. TPYP was launched on Jun 30, 2015 and is managed by Tortoise.