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

Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $42.13 and traded as high as $47.70. Tortoise Pipeline & Energy Fund shares last traded at $47.61, with a volume of 4,204 shares.

Tortoise Pipeline & Energy Fund Trading Up 2.0 %

The company has a fifty day moving average of $48.01 and a two-hundred day moving average of $42.13.

Tortoise Pipeline & Energy Fund Announces Dividend

The company also recently announced a — dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 6th were paid a $0.175 dividend. This represents a dividend yield of 4.6%. The ex-dividend date was Friday, December 6th.

Institutional Investors Weigh In On Tortoise Pipeline & Energy Fund

Institutional investors have recently added to or reduced their stakes in the business. Blue Bell Private Wealth Management LLC lifted its holdings in 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 valued at $86,000 after acquiring an additional 1,272 shares during the period. Quarry LP purchased a new position in shares of Tortoise Pipeline & Energy Fund in the 3rd quarter valued at about $110,000. Bayshore Asset Management LLC acquired a new stake in shares of Tortoise Pipeline & Energy Fund in the third quarter valued at about $227,000. Concorde Asset Management LLC purchased a new stake in Tortoise Pipeline & Energy Fund during the second quarter worth about $384,000. Finally, D.A. Davidson & CO. grew its position in Tortoise Pipeline & Energy Fund by 30.4% during the third quarter. D.A. Davidson & CO. now owns 22,327 shares of the investment management company’s stock worth $942,000 after buying an additional 5,206 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.