Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Trading 0.5% Higher – What’s Next?

Tortoise North American Pipeline Fund (NYSEARCA:TPYP)’s stock price shot up 0.5% on Tuesday . The company traded as high as $35.88 and last traded at $35.79. 21,275 shares were traded during trading, a decline of 59% from the average session volume of 51,637 shares. The stock had previously closed at $35.61.

Tortoise North American Pipeline Fund Stock Up 0.5%

The firm’s fifty day moving average price is $35.28 and its 200-day moving average price is $35.40. The stock has a market cap of $708.64 million, a P/E ratio of 18.76 and a beta of 0.73.

Institutional Trading of Tortoise North American Pipeline Fund

Several large investors have recently modified their holdings of the business. Bessemer Group Inc. bought a new position in Tortoise North American Pipeline Fund during the 2nd quarter valued at approximately $65,000. CENTRAL TRUST Co raised its holdings in shares of Tortoise North American Pipeline Fund by 388.5% during the second quarter. CENTRAL TRUST Co now owns 2,931 shares of the company’s stock valued at $105,000 after acquiring an additional 2,331 shares in the last quarter. Private Trust Co. NA bought a new position in shares of Tortoise North American Pipeline Fund during the third quarter valued at approximately $168,000. Advisory Services Network LLC purchased a new stake in Tortoise North American Pipeline Fund in the third quarter worth $174,000. Finally, Sunbelt Securities Inc. bought a new stake in Tortoise North American Pipeline Fund in the third quarter valued at $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.