Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Stock Price Down 0.7% – What’s Next?

Tortoise North American Pipeline Fund (NYSEARCA:TPYP) fell 0.7% during mid-day trading on Thursday . The stock traded as low as $42.36 and last traded at $42.36. 110,928 shares changed hands during trading, an increase of 11% from the average session volume of 99,507 shares. The stock had previously closed at $42.65.

Tortoise North American Pipeline Fund Trading Down 0.7%

The company’s fifty day moving average is $42.28 and its 200-day moving average is $39.66. The firm has a market capitalization of $872.62 million, a P/E ratio of 18.76 and a beta of 0.55.

Institutional Trading of Tortoise North American Pipeline Fund

Large investors have recently modified their holdings of the company. Kestra Advisory Services LLC bought a new stake in shares of Tortoise North American Pipeline Fund during the 4th quarter worth $46,000. Flagship Harbor Advisors LLC bought a new stake in shares of Tortoise North American Pipeline Fund during the 4th quarter worth $53,000. Ball & Co Wealth Management Inc. bought a new stake in shares of Tortoise North American Pipeline Fund during the 1st quarter worth $117,000. Advisory Services Network LLC bought a new stake in shares of Tortoise North American Pipeline Fund during the 3rd quarter worth $174,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of Tortoise North American Pipeline Fund during the 3rd quarter worth $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.