Tortoise North American Pipeline Fund (NYSE:TPYP – Get Free Report) rose 0.4% during trading on Monday. The stock traded as high as $43.28 and last traded at $43.19. Approximately 21,044 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 75,357 shares. The stock had previously closed at $43.01.
Tortoise North American Pipeline Fund Stock Up 0.4%
The stock’s 50-day simple moving average is $42.25 and its two-hundred day simple moving average is $41.56. The company has a market capitalization of $906.56 million, a price-to-earnings ratio of 18.76 and a beta of 0.58.
Institutional Trading of Tortoise North American Pipeline Fund
Institutional investors and hedge funds have recently modified their holdings of the stock. Magnus Financial Group LLC lifted its stake in Tortoise North American Pipeline Fund by 1.6% in the 3rd quarter. Magnus Financial Group LLC now owns 876,917 shares of the company’s stock valued at $34,958,000 after buying an additional 13,421 shares in the last quarter. Atwood & Palmer Inc. boosted its holdings in Tortoise North American Pipeline Fund by 0.5% in the 2nd quarter. Atwood & Palmer Inc. now owns 670,333 shares of the company’s stock worth $28,107,000 after buying an additional 3,192 shares during the last quarter. Foster & Motley Inc. purchased a new stake in Tortoise North American Pipeline Fund during the 2nd quarter worth approximately $27,078,000. Arvest Investments Inc. increased its stake in Tortoise North American Pipeline Fund by 5.7% during the 3rd quarter. Arvest Investments Inc. now owns 365,434 shares of the company’s stock worth $14,568,000 after buying an additional 19,688 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in Tortoise North American Pipeline Fund by 1.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 288,602 shares of the company’s stock worth $12,101,000 after buying an additional 2,797 shares in the last quarter.
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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