Tortoise North American Pipeline Fund (NYSEARCA:TPYP – Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $31.90 and last traded at $31.90, with a volume of 673 shares trading hands. The stock had previously closed at $31.56.
Tortoise North American Pipeline Fund Trading Up 0.4 %
The company’s 50-day simple moving average is $30.49 and its 200-day simple moving average is $28.90. The stock has a market capitalization of $612.94 million, a price-to-earnings ratio of 18.59 and a beta of 0.50.
Hedge Funds Weigh In On Tortoise North American Pipeline Fund
Several institutional investors and hedge funds have recently added to or reduced their stakes in TPYP. Janney Montgomery Scott LLC bought a new stake in shares of Tortoise North American Pipeline Fund in the 4th quarter valued at $2,084,000. Icon Wealth Advisors LLC bought a new stake in shares of Tortoise North American Pipeline Fund in the 4th quarter valued at $4,111,000. Edmonds Duncan Registered Investment Advisors LLC boosted its stake 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 valued at $6,749,000 after purchasing an additional 5,106 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Tortoise North American Pipeline Fund in the 2nd quarter valued at $155,000. Finally, Battery Global Advisors LLC bought a new stake in shares of Tortoise North American Pipeline Fund in the 2nd quarter valued at $1,972,000.
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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