Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Stock Price Up 0.5% – Time to Buy?

Tortoise North American Pipeline Fund (NYSEARCA:TPYP) traded up 0.5% during trading on Tuesday . The stock traded as high as $35.88 and last traded at $35.79. 21,275 shares were traded during mid-day trading, a decline of 59% from the average session volume of 51,637 shares. The stock had previously closed at $35.61.

Tortoise North American Pipeline Fund Trading Up 0.5%

The business’s 50 day moving average price is $35.28 and its two-hundred day moving average price is $35.40. The stock has a market cap of $708.64 million, a P/E ratio of 18.76 and a beta of 0.73.

Institutional Investors Weigh In On Tortoise North American Pipeline Fund

Several hedge funds have recently made changes to their positions in TPYP. NewEdge Advisors LLC raised its holdings in Tortoise North American Pipeline Fund by 16,369.0% in the first quarter. NewEdge Advisors LLC now owns 16,469 shares of the company’s stock worth $599,000 after purchasing an additional 16,369 shares in the last quarter. Nova Wealth Management Inc. purchased a new position in Tortoise North American Pipeline Fund during the 1st quarter valued at about $519,000. Atwood & Palmer Inc. boosted its stake in Tortoise North American Pipeline Fund by 0.3% during the second quarter. Atwood & Palmer Inc. now owns 659,221 shares of the company’s stock worth $23,554,000 after acquiring an additional 2,225 shares in the last quarter. Stokes Capital Advisors LLC boosted its stake in Tortoise North American Pipeline Fund by 13.9% during the second quarter. Stokes Capital Advisors LLC now owns 16,547 shares of the company’s stock worth $591,000 after acquiring an additional 2,013 shares in the last quarter. Finally, Quad Cities Investment Group LLC grew its holdings in Tortoise North American Pipeline Fund by 0.5% in the second quarter. Quad Cities Investment Group LLC now owns 97,777 shares of the company’s stock worth $3,494,000 after purchasing an additional 521 shares during the period.

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.