Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Hits New 52-Week High at $27.73

Tortoise North American Pipeline Fund (NYSEARCA:TPYPGet Free Report)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $27.73 and last traded at $27.73, with a volume of 1062 shares traded. The stock had previously closed at $27.61.

Tortoise North American Pipeline Fund Trading Up 0.7 %

The company has a fifty day moving average price of $26.43 and a two-hundred day moving average price of $25.75. The firm has a market capitalization of $546.07 million, a price-to-earnings ratio of 17.78 and a beta of 1.09.

Institutional Trading of Tortoise North American Pipeline Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Baird Financial Group Inc. purchased a new stake in Tortoise North American Pipeline Fund in the first quarter valued at $220,000. United Capital Financial Advisers LLC lifted its position in Tortoise North American Pipeline Fund by 1.2% in the first quarter. United Capital Financial Advisers LLC now owns 291,881 shares of the company’s stock valued at $7,732,000 after buying an additional 3,537 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of Tortoise North American Pipeline Fund during the fourth quarter valued at about $2,266,000. Captrust Financial Advisors purchased a new stake in shares of Tortoise North American Pipeline Fund in the 2nd quarter valued at approximately $207,000. Finally, Edmonds Duncan Registered Investment Advisors LLC lifted its holdings in shares of Tortoise North American Pipeline Fund by 0.5% in the 3rd quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 236,085 shares of the company’s stock worth $5,772,000 after acquiring an additional 1,141 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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