Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Sees Strong Trading Volume – What’s Next?

Tortoise North American Pipeline Fund (NYSEARCA:TPYPGet Free Report) saw unusually-high trading volume on Wednesday . Approximately 228,375 shares changed hands during trading, an increase of 227% from the previous session’s volume of 69,870 shares.The stock last traded at $34.94 and had previously closed at $34.74.

Tortoise North American Pipeline Fund Stock Up 0.9 %

The company has a market cap of $679.78 million, a PE ratio of 18.59 and a beta of 0.50. The stock’s 50 day moving average is $33.97 and its 200-day moving average is $31.27.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Foster & Motley Inc. increased its position in Tortoise North American Pipeline Fund by 0.3% during the third quarter. Foster & Motley Inc. now owns 709,480 shares of the company’s stock valued at $22,263,000 after acquiring an additional 2,013 shares during the last quarter. Icon Wealth Advisors LLC increased its position in Tortoise North American Pipeline Fund by 0.6% during the third quarter. Icon Wealth Advisors LLC now owns 145,518 shares of the company’s stock valued at $4,566,000 after acquiring an additional 800 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Tortoise North American Pipeline Fund by 5.4% during the third 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 during the last quarter. Battery Global Advisors LLC bought a new position in Tortoise North American Pipeline Fund during the second quarter valued at $1,972,000. Finally, Captrust Financial Advisors increased its position in Tortoise North American Pipeline Fund by 10.1% during the third 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 during the last quarter.

About Tortoise North American Pipeline Fund

(Get Free Report)

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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