Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Sees Strong Trading Volume – Here’s What Happened

Shares of Tortoise North American Pipeline Fund (NYSEARCA:TPYP) saw unusually-high trading volume on Wednesday . Approximately 164,129 shares changed hands during mid-day trading, an increase of 114% from the previous session’s volume of 76,826 shares.The stock last traded at $43.1310 and had previously closed at $43.29.

Tortoise North American Pipeline Fund Trading Down 0.5%

The company’s 50 day simple moving average is $39.83 and its 200-day simple moving average is $36.98. The firm has a market cap of $858.62 million, a P/E ratio of 18.76 and a beta of 0.73.

Institutional Investors Weigh In On Tortoise North American Pipeline Fund

A number of institutional investors have recently bought and sold shares of TPYP. Kestra Advisory Services LLC purchased a new position in Tortoise North American Pipeline Fund during the 4th quarter valued at approximately $46,000. Flagship Harbor Advisors LLC purchased a new position in shares of Tortoise North American Pipeline Fund during the 4th quarter worth about $53,000. Private Trust Co. NA bought a new position in Tortoise North American Pipeline Fund during the 3rd quarter valued at about $168,000. Advisory Services Network LLC purchased a new stake in Tortoise North American Pipeline Fund in the 3rd quarter worth about $174,000. Finally, Sunbelt Securities Inc. purchased a new position in shares of Tortoise North American Pipeline Fund during the third quarter valued at approximately $182,000.

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.