Tortoise North American Pipeline Fund (NYSEARCA:TPYP – Get Free Report) shares saw an uptick in trading volume on Friday . 91,704 shares traded hands during mid-day trading, an increase of 70% from the previous session’s volume of 54,058 shares.The stock last traded at $38.7550 and had previously closed at $38.27.
Tortoise North American Pipeline Fund Price Performance
The company has a market cap of $772.48 million, a PE ratio of 18.76 and a beta of 0.73. The stock has a 50 day simple moving average of $35.96 and a two-hundred day simple moving average of $35.60.
Institutional Investors Weigh In On Tortoise North American Pipeline Fund
Institutional investors and hedge funds have recently made changes to their positions in the business. Arvest Bank Trust Division raised its stake in Tortoise North American Pipeline Fund by 2.4% during the 3rd quarter. Arvest Bank Trust Division now owns 1,281,439 shares of the company’s stock valued at $46,708,000 after acquiring an additional 30,327 shares during the last quarter. Bank of America Corp DE boosted its holdings in Tortoise North American Pipeline Fund by 15.8% in the 3rd quarter. Bank of America Corp DE now owns 1,017,255 shares of the company’s stock valued at $37,079,000 after purchasing an additional 138,577 shares in the last quarter. Magnus Financial Group LLC grew its holdings in Tortoise North American Pipeline Fund by 1.2% during the third quarter. Magnus Financial Group LLC now owns 871,349 shares of the company’s stock worth $31,761,000 after acquiring an additional 10,000 shares during the period. Traphagen Investment Advisors LLC lifted its stake in shares of Tortoise North American Pipeline Fund by 4.7% in the fourth quarter. Traphagen Investment Advisors LLC now owns 737,773 shares of the company’s stock valued at $26,039,000 after purchasing an additional 33,014 shares during the period. Finally, Atwood & Palmer Inc. boosted its stake in shares of Tortoise North American Pipeline Fund by 0.6% during the 4th quarter. Atwood & Palmer Inc. now owns 664,650 shares of the company’s stock worth $23,458,000 after acquiring an additional 3,860 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.
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