Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Sets New 12-Month High – What’s Next?

Tortoise North American Pipeline Fund (NYSEARCA:TPYP)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $43.60 and last traded at $43.4750, with a volume of 6300 shares. The stock had previously closed at $42.80.

Tortoise North American Pipeline Fund Stock Up 1.5%

The company has a market cap of $865.97 million, a P/E ratio of 18.76 and a beta of 0.73. The firm has a fifty day moving average price of $39.67 and a 200 day moving average price of $36.92.

Institutional Investors Weigh In On Tortoise North American Pipeline Fund

A number of hedge funds have recently added to or reduced their stakes in TPYP. Rockefeller Capital Management L.P. raised its stake in shares of Tortoise North American Pipeline Fund by 93.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 117,545 shares of the company’s stock worth $4,149,000 after acquiring an additional 56,846 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Tortoise North American Pipeline Fund by 20.1% during the fourth quarter. Cetera Investment Advisers now owns 16,581 shares of the company’s stock valued at $585,000 after purchasing an additional 2,777 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of Tortoise North American Pipeline Fund by 0.9% in the fourth quarter. Captrust Financial Advisors now owns 47,619 shares of the company’s stock valued at $1,681,000 after purchasing an additional 447 shares in the last quarter. Zinnia Wealth Advisory LLC acquired a new stake in shares of Tortoise North American Pipeline Fund in the fourth quarter valued at approximately $246,000. Finally, Kestra Advisory Services LLC bought a new position in Tortoise North American Pipeline Fund in the 4th quarter worth approximately $46,000.

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.