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

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

Tortoise North American Pipeline Fund Stock Up 0.8 %

The business has a 50-day simple moving average of $32.59 and a two-hundred day simple moving average of $30.46. The company has a market cap of $696.07 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

A number of institutional investors have recently made changes to their positions in TPYP. Battery Global Advisors LLC bought a new position in shares of Tortoise North American Pipeline Fund in the second quarter worth about $1,972,000. Flow Traders U.S. LLC acquired a new position in Tortoise North American Pipeline Fund in the 3rd quarter valued at approximately $592,000. Janney Montgomery Scott LLC raised its holdings 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 acquiring an additional 5,760 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in Tortoise North American Pipeline Fund in the 2nd quarter valued at approximately $155,000. Finally, Captrust Financial Advisors raised its holdings 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 acquiring an additional 3,695 shares in the last quarter.

About Tortoise North American Pipeline Fund

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.