Tortoise North American Pipeline Fund (NYSEARCA:TPYP – Get Free Report)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $29.18 and last traded at $29.18, with a volume of 3505 shares traded. The stock had previously closed at $28.94.
Tortoise North American Pipeline Fund Stock Up 0.7 %
The firm has a market capitalization of $565.12 million, a price-to-earnings ratio of 18.59 and a beta of 0.50. The stock has a 50-day moving average price of $28.46 and a 200 day moving average price of $27.30.
Hedge Funds Weigh In On Tortoise North American Pipeline Fund
A number of institutional investors and hedge funds have recently made changes to their positions in TPYP. Sandy Spring Bank lifted its holdings in Tortoise North American Pipeline Fund by 3.1% in the 4th quarter. Sandy Spring Bank now owns 38,726 shares of the company’s stock valued at $1,005,000 after purchasing an additional 1,150 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Tortoise North American Pipeline Fund in the 4th quarter valued at about $2,084,000. Icon Wealth Advisors LLC acquired a new position in shares of Tortoise North American Pipeline Fund during the 4th quarter valued at about $4,111,000. Finally, Edmonds Duncan Registered Investment Advisors LLC increased its stake in shares of Tortoise North American Pipeline Fund by 2.2% during the 1st quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 241,363 shares of the company’s stock valued at $6,749,000 after acquiring an additional 5,106 shares during the last quarter.
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.
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