Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Sees Unusually-High Trading Volume – Time to Buy?

Tortoise North American Pipeline Fund (NYSEARCA:TPYP) shares saw an uptick in trading volume on Wednesday . Approximately 254,764 shares traded hands during mid-day trading, an increase of 168% from the previous session’s volume of 95,090 shares.The stock last traded at $41.6320 and had previously closed at $41.93.

Tortoise North American Pipeline Fund Trading Down 0.7%

The business’s fifty day moving average price is $42.37 and its 200 day moving average price is $40.24. The firm has a market capitalization of $857.74 million, a price-to-earnings ratio of 18.76 and a beta of 0.55.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Morgan Stanley raised its holdings in shares of Tortoise North American Pipeline Fund by 9.8% in the fourth quarter. Morgan Stanley now owns 3,391,404 shares of the company’s stock valued at $119,696,000 after buying an additional 301,857 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Tortoise North American Pipeline Fund by 15.8% during the third quarter. Bank of America Corp DE now owns 1,017,255 shares of the company’s stock worth $37,079,000 after buying an additional 138,577 shares during the last quarter. Traphagen Investment Advisors LLC increased its position in Tortoise North American Pipeline Fund by 4.7% in the 4th quarter. Traphagen Investment Advisors LLC now owns 737,773 shares of the company’s stock valued at $26,039,000 after acquiring an additional 33,014 shares during the period. Atwood & Palmer Inc. increased its position in Tortoise North American Pipeline Fund by 0.6% in the 4th quarter. Atwood & Palmer Inc. now owns 664,650 shares of the company’s stock valued at $23,458,000 after acquiring an additional 3,860 shares during the period. Finally, Foster & Motley Inc. raised its stake in Tortoise North American Pipeline Fund by 1.2% during the 4th quarter. Foster & Motley Inc. now owns 651,036 shares of the company’s stock valued at $22,978,000 after acquiring an additional 7,676 shares during the last quarter.

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.