Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Trading Up 0.2%

Tortoise North American Pipeline Fund (NYSEARCA:TPYP)’s stock price was up 0.2% during trading on Wednesday . The company traded as high as $30.16 and last traded at $29.69. Approximately 38,074 shares traded hands during trading, a decline of 51% from the average daily volume of 78,088 shares. The stock had previously closed at $29.63.

Tortoise North American Pipeline Fund Stock Performance

The stock has a market cap of $575.99 million, a PE ratio of 18.59 and a beta of 0.50. The company has a 50 day moving average of $28.99 and a two-hundred day moving average of $27.80.

Institutional Investors Weigh In On Tortoise North American Pipeline Fund

Institutional investors have recently added to or reduced their stakes in the stock. Sandy Spring Bank increased its stake in Tortoise North American Pipeline Fund by 3.1% during the 4th quarter. Sandy Spring Bank now owns 38,726 shares of the company’s stock worth $1,005,000 after buying an additional 1,150 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Tortoise North American Pipeline Fund in the fourth quarter worth approximately $2,084,000. Icon Wealth Advisors LLC acquired a new stake in shares of Tortoise North American Pipeline Fund in the fourth quarter worth approximately $4,111,000. Finally, Edmonds Duncan Registered Investment Advisors LLC increased its position in shares of Tortoise North American Pipeline Fund by 2.2% during the first quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 241,363 shares of the company’s stock worth $6,749,000 after purchasing an additional 5,106 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.