Tortoise Pipeline & Energy Fund (NYSE:TTP) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $43.14 and traded as high as $47.70. Tortoise Pipeline & Energy Fund shares last traded at $47.61, with a volume of 4,204 shares.

Tortoise Pipeline & Energy Fund Stock Performance

The stock’s 50 day moving average is $48.70 and its two-hundred day moving average is $43.14.

Tortoise Pipeline & Energy Fund Announces Dividend

The firm also recently announced a — dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 6th were given a dividend of $0.175 per share. This represents a dividend yield of 4.6%. The ex-dividend date was Friday, December 6th.

Hedge Funds Weigh In On Tortoise Pipeline & Energy Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its holdings in shares of Tortoise Pipeline & Energy Fund by 16.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 34,715 shares of the investment management company’s stock worth $1,465,000 after acquiring an additional 4,859 shares in the last quarter. Concorde Asset Management LLC acquired a new position in shares of Tortoise Pipeline & Energy Fund in the 2nd quarter valued at approximately $384,000. Almitas Capital LLC increased its stake in Tortoise Pipeline & Energy Fund by 0.7% during the 2nd quarter. Almitas Capital LLC now owns 116,622 shares of the investment management company’s stock worth $4,219,000 after purchasing an additional 867 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in Tortoise Pipeline & Energy Fund by 10.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 27,929 shares of the investment management company’s stock worth $1,179,000 after buying an additional 2,683 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in Tortoise Pipeline & Energy Fund by 30.4% in the third quarter. D.A. Davidson & CO. now owns 22,327 shares of the investment management company’s stock valued at $942,000 after buying an additional 5,206 shares in the last quarter.

Tortoise Pipeline & Energy Fund Company Profile

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.