Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Trading 1.3% Higher – What’s Next?

Tortoise North American Pipeline Fund (NYSEARCA:TPYP)’s stock price rose 1.3% during mid-day trading on Wednesday . The stock traded as high as $43.96 and last traded at $43.95. Approximately 45,677 shares changed hands during trading, a decline of 50% from the average session volume of 92,120 shares. The stock had previously closed at $43.38.

Tortoise North American Pipeline Fund Trading Up 1.3%

The firm has a 50 day moving average of $42.69 and a 200-day moving average of $41.09. The company has a market cap of $895.26 million, a P/E ratio of 18.76 and a beta of 0.55.

Institutional Investors Weigh In On Tortoise North American Pipeline Fund

Institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC purchased a new position in shares of Tortoise North American Pipeline Fund in the fourth quarter worth $46,000. Flagship Harbor Advisors LLC purchased a new position in Tortoise North American Pipeline Fund during the fourth quarter valued at $53,000. Ball & Co Wealth Management Inc. purchased a new position in Tortoise North American Pipeline Fund during the first quarter valued at $117,000. Advisory Services Network LLC bought a new stake in Tortoise North American Pipeline Fund in the 3rd quarter valued at $174,000. Finally, Sunbelt Securities Inc. bought a new stake in Tortoise North American Pipeline Fund in the 3rd quarter valued at $182,000.

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.