Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Reaches New 52-Week High – Time to Buy?

Tortoise North American Pipeline Fund (NYSEARCA:TPYP)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $41.36 and last traded at $41.2190, with a volume of 11227 shares. The stock had previously closed at $40.81.

Tortoise North American Pipeline Fund Stock Performance

The company has a market cap of $827.51 million, a P/E ratio of 18.76 and a beta of 0.73. The company has a fifty day moving average price of $37.48 and a two-hundred day moving average price of $36.17.

Institutional Investors Weigh In On Tortoise North American Pipeline Fund

A number of institutional investors have recently added to or reduced their stakes in TPYP. Kestra Advisory Services LLC acquired a new position in Tortoise North American Pipeline Fund in the 4th quarter valued at approximately $46,000. Flagship Harbor Advisors LLC bought a new stake in shares of Tortoise North American Pipeline Fund in the fourth quarter worth $53,000. Bessemer Group Inc. acquired a new stake in Tortoise North American Pipeline Fund in the second quarter valued at $65,000. CENTRAL TRUST Co increased its holdings in Tortoise North American Pipeline Fund by 388.5% in the second quarter. CENTRAL TRUST Co now owns 2,931 shares of the company’s stock valued at $105,000 after purchasing an additional 2,331 shares during the period. Finally, Private Trust Co. NA bought a new position in Tortoise North American Pipeline Fund during the 3rd quarter worth $168,000.

Tortoise North American Pipeline Fund Company Profile

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.