Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Sees Unusually-High Trading Volume – Time to Buy?

Tortoise North American Pipeline Fund (NYSEARCA:TPYP) shares saw strong trading volume on Wednesday . Approximately 254,764 shares changed hands during trading, an increase of 168% from the previous session’s volume of 95,090 shares.The stock last traded at $41.6320 and had previously closed at $41.93.

Tortoise North American Pipeline Fund Stock Performance

The firm’s 50-day moving average price is $42.37 and its two-hundred day moving average price is $40.24. The firm has a market cap of $857.74 million, a PE ratio of 18.76 and a beta of 0.55.

Institutional Investors Weigh In On Tortoise North American Pipeline Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC purchased a new position in shares of Tortoise North American Pipeline Fund during the fourth quarter worth about $46,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Tortoise North American Pipeline Fund in the 4th quarter valued at about $53,000. Ball & Co Wealth Management Inc. acquired a new stake in shares of Tortoise North American Pipeline Fund in the 1st quarter valued at about $117,000. Advisory Services Network LLC purchased a new position in Tortoise North American Pipeline Fund during the 3rd quarter worth approximately $174,000. Finally, Sunbelt Securities Inc. acquired a new position in Tortoise North American Pipeline Fund during the third quarter worth approximately $182,000.

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.