Tortoise Pipeline & Energy Fund (NYSE:TTP) Share Price Passes Above 200 Day Moving Average of $25.97

Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTPGet Rating)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $25.97 and traded as high as $28.36. Tortoise Pipeline & Energy Fund shares last traded at $28.36, with a volume of 16,717 shares.

The business has a fifty day simple moving average of $28.18 and a 200 day simple moving average of $25.99.

Several hedge funds and other institutional investors have recently made changes to their positions in TTP. UBS Group AG lifted its holdings in shares of Tortoise Pipeline & Energy Fund by 16.9% in the 3rd quarter. UBS Group AG now owns 4,254 shares of the investment management company’s stock worth $102,000 after purchasing an additional 614 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Tortoise Pipeline & Energy Fund by 21.5% in the 4th quarter. Bank of America Corp DE now owns 10,775 shares of the investment management company’s stock worth $246,000 after purchasing an additional 1,905 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Tortoise Pipeline & Energy Fund by 50.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 11,114 shares of the investment management company’s stock worth $266,000 after purchasing an additional 3,714 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Tortoise Pipeline & Energy Fund by 1.7% in the 2nd quarter. Morgan Stanley now owns 38,959 shares of the investment management company’s stock worth $932,000 after purchasing an additional 669 shares during the last quarter. Finally, Saba Capital Management L.P. bought a new stake in shares of Tortoise Pipeline & Energy Fund in the 4th quarter worth approximately $1,333,000.

Tortoise Pipeline & Energy Fund Company Profile (NYSE:TTP)

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.

Featured Articles

Receive News & Ratings for Tortoise Pipeline & Energy Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tortoise Pipeline & Energy Fund and related companies with MarketBeat.com's FREE daily email newsletter.