Tortoise North American Pipeline Fund (NYSE:TPYP – Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $42.01 and traded as high as $42.32. Tortoise North American Pipeline Fund shares last traded at $42.2240, with a volume of 16,688 shares changing hands.
Tortoise North American Pipeline Fund Trading Up 1.0%
The company has a market capitalization of $886.28 million, a PE ratio of 18.03 and a beta of 0.56. The firm’s 50-day simple moving average is $42.07 and its 200-day simple moving average is $42.01.
Hedge Funds Weigh In On Tortoise North American Pipeline Fund
A number of institutional investors have recently modified their holdings of the stock. Allworth Financial LP grew its stake in Tortoise North American Pipeline Fund by 5.5% in the second quarter. Allworth Financial LP now owns 7,771 shares of the company’s stock worth $326,000 after purchasing an additional 406 shares in the last quarter. Sanctuary Advisors LLC raised its position in Tortoise North American Pipeline Fund by 0.9% during the 1st quarter. Sanctuary Advisors LLC now owns 70,255 shares of the company’s stock valued at $2,976,000 after purchasing an additional 616 shares in the last quarter. GK Wealth Management LLC bought a new stake in Tortoise North American Pipeline Fund during the 3rd quarter valued at $30,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Tortoise North American Pipeline Fund in the 2nd quarter worth $34,000. Finally, Continuum Advisory LLC purchased a new stake in shares of Tortoise North American Pipeline Fund in the 2nd quarter worth $37,000.
Tortoise North American Pipeline Fund Company Profile
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.
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