Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Trading 0.5% Higher

Tortoise North American Pipeline Fund (NYSEARCA:TPYP) shares traded up 0.5% on Wednesday . The company traded as high as $27.93 and last traded at $27.89. 24,828 shares traded hands during trading, a decline of 77% from the average session volume of 106,090 shares. The stock had previously closed at $27.74.

Tortoise North American Pipeline Fund Stock Performance

The business’s fifty day moving average is $27.27 and its two-hundred day moving average is $26.18. The company has a market cap of $486.16 million, a P/E ratio of 18.07 and a beta of 0.53.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Sandy Spring Bank increased its position in Tortoise North American Pipeline Fund by 3.2% during the 3rd quarter. Sandy Spring Bank now owns 37,576 shares of the company’s stock valued at $919,000 after purchasing an additional 1,155 shares during the period. Janney Montgomery Scott LLC purchased a new position in Tortoise North American Pipeline Fund during the 4th quarter valued at about $2,084,000. Icon Wealth Advisors LLC purchased a new position in Tortoise North American Pipeline Fund during the 4th quarter valued at about $4,111,000. Finally, Edmonds Duncan Registered Investment Advisors LLC grew its position in shares of Tortoise North American Pipeline Fund by 2.2% in the 1st quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 241,363 shares of the company’s stock worth $6,749,000 after buying 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.