Tortoise North American Pipeline Fund (NYSEARCA:TPYP – Get Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $44.60 and last traded at $44.5910, with a volume of 3176 shares. The stock had previously closed at $44.23.
Tortoise North American Pipeline Fund Stock Performance
The firm’s fifty day simple moving average is $42.71 and its 200 day simple moving average is $41.15. The stock has a market capitalization of $899.15 million, a price-to-earnings ratio of 18.76 and a beta of 0.55.
Hedge Funds Weigh In On Tortoise North American Pipeline Fund
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its holdings in Tortoise North American Pipeline Fund by 16,369.0% during the 1st quarter. NewEdge Advisors LLC now owns 16,469 shares of the company’s stock worth $599,000 after purchasing an additional 16,369 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Tortoise North American Pipeline Fund by 8.2% in the second quarter. Cetera Investment Advisers now owns 13,000 shares of the company’s stock valued at $464,000 after purchasing an additional 986 shares in the last quarter. Baird Financial Group Inc. boosted its position in shares of Tortoise North American Pipeline Fund by 6.3% during the second quarter. Baird Financial Group Inc. now owns 8,258 shares of the company’s stock worth $295,000 after buying an additional 488 shares during the period. Diversify Advisory Services LLC boosted its position in shares of Tortoise North American Pipeline Fund by 37.7% during the second quarter. Diversify Advisory Services LLC now owns 13,211 shares of the company’s stock worth $466,000 after buying an additional 3,618 shares during the period. Finally, Diversify Wealth Management LLC grew its holdings in shares of Tortoise North American Pipeline Fund by 2.3% during the second quarter. Diversify Wealth Management LLC now owns 37,311 shares of the company’s stock worth $1,315,000 after buying an additional 845 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.
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