Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Reaches New 12-Month High – What’s Next?

Tortoise North American Pipeline Fund (NYSEARCA:TPYP)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $35.15 and last traded at $35.15, with a volume of 2439 shares changing hands. The stock had previously closed at $35.01.

Tortoise North American Pipeline Fund Trading Up 0.8 %

The firm has a fifty day simple moving average of $32.59 and a 200 day simple moving average of $30.46. The stock has a market cap of $696.07 million, a price-to-earnings ratio of 18.59 and a beta of 0.50.

Institutional Investors Weigh In On Tortoise North American Pipeline Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Brown Brothers Harriman & Co. bought a new position in Tortoise North American Pipeline Fund in the 2nd quarter valued at $155,000. Flow Traders U.S. LLC bought a new position in Tortoise North American Pipeline Fund in the 3rd quarter valued at $592,000. Captrust Financial Advisors boosted its position in Tortoise North American Pipeline Fund by 10.1% in the 3rd quarter. Captrust Financial Advisors now owns 40,403 shares of the company’s stock valued at $1,268,000 after buying an additional 3,695 shares during the last quarter. Battery Global Advisors LLC bought a new position in Tortoise North American Pipeline Fund in the 2nd quarter valued at $1,972,000. Finally, Janney Montgomery Scott LLC boosted its position in Tortoise North American Pipeline Fund by 5.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 113,255 shares of the company’s stock valued at $3,554,000 after buying an additional 5,760 shares during 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.