Tortoise North American Pipeline Fund (NYSEARCA:TPYP – Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 167,871 shares changed hands during mid-day trading, an increase of 88% from the previous session’s volume of 89,180 shares.The stock last traded at $34.58 and had previously closed at $34.55.
Tortoise North American Pipeline Fund Trading Up 1.4 %
The firm has a market cap of $679.78 million, a P/E ratio of 18.59 and a beta of 0.50. The company’s 50-day moving average is $34.80 and its two-hundred day moving average is $32.18.
Hedge Funds Weigh In On Tortoise North American Pipeline Fund
A number of hedge funds have recently bought and sold shares of the company. Brown Brothers Harriman & Co. purchased a new stake in shares of Tortoise North American Pipeline Fund during the 2nd quarter valued at approximately $155,000. Flow Traders U.S. LLC bought a new position in Tortoise North American Pipeline Fund in the 3rd quarter worth about $592,000. Captrust Financial Advisors increased its holdings in Tortoise North American Pipeline Fund by 10.1% during the 3rd quarter. Captrust Financial Advisors now owns 40,403 shares of the company’s stock worth $1,268,000 after acquiring an additional 3,695 shares during the period. Battery Global Advisors LLC bought a new position in Tortoise North American Pipeline Fund in the 2nd quarter valued at $1,972,000. Finally, Janney Montgomery Scott LLC grew its position in shares of Tortoise North American Pipeline Fund by 5.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 113,255 shares of the company’s stock valued at $3,554,000 after purchasing an additional 5,760 shares in the last quarter.
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.
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