Tortoise North American Pipeline Fund (NYSEARCA:TPYP – Get Free Report)’s stock price reached a new 52-week high on Thursday . The company traded as high as $30.33 and last traded at $30.33, with a volume of 5610 shares traded. The stock had previously closed at $30.21.
Tortoise North American Pipeline Fund Stock Performance
The business has a fifty day moving average of $29.28 and a two-hundred day moving average of $28.01. The firm has a market cap of $592.48 million, a price-to-earnings ratio of 18.59 and a beta of 0.50.
Institutional Trading of Tortoise North American Pipeline Fund
Several hedge funds have recently made changes to their positions in the stock. Battery Global Advisors LLC bought a new position in Tortoise North American Pipeline Fund in the 2nd quarter worth about $1,972,000. Brown Brothers Harriman & Co. bought a new stake in Tortoise North American Pipeline Fund during the 2nd quarter valued at $155,000. Janney Montgomery Scott LLC boosted its position in Tortoise North American Pipeline Fund by 34.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 108,328 shares of the company’s stock worth $3,029,000 after acquiring an additional 27,987 shares during the period. Edmonds Duncan Registered Investment Advisors LLC grew its stake in shares of Tortoise North American Pipeline Fund by 2.2% in 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. Finally, Icon Wealth Advisors LLC acquired a new position in shares of Tortoise North American Pipeline Fund during the fourth quarter valued at $4,111,000.
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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