Commonwealth Equity Services LLC Sells 43,016 Shares of Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP)

Commonwealth Equity Services LLC decreased its holdings in Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) by 41.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,521 shares of the investment management company’s stock after selling 43,016 shares during the period. Commonwealth Equity Services LLC’s holdings in Tortoise Pipeline & Energy Fund were worth $1,945,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Tortoise Pipeline & Energy Fund by 13,650.0% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 1,100 shares of the investment management company’s stock valued at $35,000 after acquiring an additional 1,092 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Tortoise Pipeline & Energy Fund by 2,710.9% in the 4th quarter. International Assets Investment Management LLC now owns 9,529 shares of the investment management company’s stock valued at $268,000 after acquiring an additional 9,190 shares during the last quarter. Wolverine Asset Management LLC lifted its stake in Tortoise Pipeline & Energy Fund by 78.3% in the fourth quarter. Wolverine Asset Management LLC now owns 26,392 shares of the investment management company’s stock worth $742,000 after purchasing an additional 11,591 shares during the last quarter. D.A. Davidson & CO. lifted its stake in Tortoise Pipeline & Energy Fund by 12.9% in the fourth quarter. D.A. Davidson & CO. now owns 15,694 shares of the investment management company’s stock worth $441,000 after purchasing an additional 1,799 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Tortoise Pipeline & Energy Fund by 4.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 37,202 shares of the investment management company’s stock worth $1,046,000 after purchasing an additional 1,625 shares during the last quarter.

Tortoise Pipeline & Energy Fund Stock Up 1.9 %

NYSE TTP traded up $0.68 during trading on Friday, hitting $36.68. The stock had a trading volume of 2,223 shares, compared to its average volume of 7,528. Tortoise Pipeline & Energy Fund, Inc. has a one year low of $26.21 and a one year high of $37.72. The stock has a 50 day simple moving average of $34.03 and a 200 day simple moving average of $31.16.

Tortoise Pipeline & Energy Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Thursday, June 27th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 6.43%. The ex-dividend date of this dividend is Thursday, June 27th.

About Tortoise Pipeline & Energy Fund

Tortoise Pipeline & Energy Fund, Inc is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors, LLC. It invests in public equity markets of North America. The fund invests in pipeline companies that engage in the business of transporting natural gas, natural gas liquids, crude oil, and refined petroleum products.