Tortoise Pipeline & Energy Fund (NYSE:TTP) Stock Crosses Above Two Hundred Day Moving Average of $23.89

Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $23.89 and traded as high as $24.86. Tortoise Pipeline & Energy Fund shares last traded at $24.83, with a volume of 9,395 shares trading hands.

The company’s 50 day moving average price is $25.07 and its 200 day moving average price is $23.89.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 30th. Stockholders of record on Tuesday, November 23rd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 5.96%. The ex-dividend date is Monday, November 22nd.

A number of institutional investors have recently modified their holdings of the stock. Lincoln National Corp lifted its stake in Tortoise Pipeline & Energy Fund by 0.3% in the third quarter. Lincoln National Corp now owns 149,602 shares of the investment management company’s stock worth $3,583,000 after acquiring an additional 488 shares during the last quarter. UBS Group AG lifted its stake in Tortoise Pipeline & Energy Fund by 16.9% in the third quarter. UBS Group AG now owns 4,254 shares of the investment management company’s stock worth $102,000 after acquiring an additional 614 shares during the last quarter. Morgan Stanley lifted its stake in Tortoise Pipeline & Energy Fund by 1.7% in the second quarter. Morgan Stanley now owns 38,959 shares of the investment management company’s stock worth $932,000 after acquiring an additional 669 shares during the last quarter. Royal Bank of Canada lifted its stake in Tortoise Pipeline & Energy Fund by 24.8% in the first quarter. Royal Bank of Canada now owns 6,763 shares of the investment management company’s stock worth $139,000 after acquiring an additional 1,346 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in Tortoise Pipeline & Energy Fund by 9.5% during the second quarter. Private Advisor Group LLC now owns 38,950 shares of the investment management company’s stock worth $932,000 after purchasing an additional 3,375 shares in the last quarter.

Tortoise Pipeline & Energy Fund Company Profile (NYSE:TTP)

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.

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