Concorde Asset Management LLC Makes New Investment in Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP)

Concorde Asset Management LLC purchased a new position in shares of Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 10,600 shares of the investment management company’s stock, valued at approximately $384,000.

A number of other hedge funds have also recently modified their holdings of TTP. Blue Bell Private Wealth Management LLC raised its stake in shares of Tortoise Pipeline & Energy Fund by 115.6% in the second quarter. Blue Bell Private Wealth Management LLC now owns 2,372 shares of the investment management company’s stock worth $86,000 after buying an additional 1,272 shares during the period. Matisse Capital bought a new stake in shares of Tortoise Pipeline & Energy Fund during the 1st quarter valued at $245,000. J.W. Cole Advisors Inc. purchased a new stake in Tortoise Pipeline & Energy Fund in the 1st quarter worth $213,000. Quarry LP bought a new stake in Tortoise Pipeline & Energy Fund during the fourth quarter valued at about $512,000. Finally, D.A. Davidson & CO. boosted its stake in shares of Tortoise Pipeline & Energy Fund by 12.9% in the fourth quarter. D.A. Davidson & CO. now owns 15,694 shares of the investment management company’s stock worth $441,000 after acquiring an additional 1,799 shares during the period.

Tortoise Pipeline & Energy Fund Trading Down 0.2 %

NYSE:TTP opened at $42.80 on Thursday. The stock has a 50-day moving average price of $38.92 and a 200 day moving average price of $34.96. Tortoise Pipeline & Energy Fund, Inc. has a 12-month low of $26.21 and a 12-month high of $43.42.

Tortoise Pipeline & Energy Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 23rd were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 5.51%. The ex-dividend date of this dividend was Friday, August 23rd.

Tortoise Pipeline & Energy Fund Company Profile

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.