Tortoise Pipeline & Energy Fund (NYSE:TTP) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $42.60 and traded as high as $47.70. Tortoise Pipeline & Energy Fund shares last traded at $47.61, with a volume of 4,204 shares trading hands.

Tortoise Pipeline & Energy Fund Price Performance

The firm has a 50-day moving average of $48.34 and a 200-day moving average of $42.64.

Tortoise Pipeline & Energy Fund Announces Dividend

The firm also recently disclosed a — dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 6th were given a $0.175 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a yield of 4.6%.

Hedge Funds Weigh In On Tortoise Pipeline & Energy Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Almitas Capital LLC lifted its position in Tortoise Pipeline & Energy Fund by 0.7% in the 2nd quarter. Almitas Capital LLC now owns 116,622 shares of the investment management company’s stock valued at $4,219,000 after acquiring an additional 867 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Tortoise Pipeline & Energy Fund by 115.6% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 2,372 shares of the investment management company’s stock valued at $86,000 after buying an additional 1,272 shares during the period. Quarry LP bought a new position in shares of Tortoise Pipeline & Energy Fund during the 3rd quarter valued at $110,000. Rockefeller Capital Management L.P. lifted its holdings in shares of Tortoise Pipeline & Energy Fund by 10.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 27,929 shares of the investment management company’s stock valued at $1,179,000 after buying an additional 2,683 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Tortoise Pipeline & Energy Fund by 16.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 34,715 shares of the investment management company’s stock valued at $1,465,000 after buying an additional 4,859 shares during the period.

About Tortoise Pipeline & Energy Fund

Tortoise Pipeline & Energy Fund, Inc is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors, LLC. It invests in public equity markets of North America. The fund invests in pipeline companies that engage in the business of transporting natural gas, natural gas liquids, crude oil, and refined petroleum products.