Tortoise Pipeline & Energy Fund (NYSE:TTP) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $43.65 and traded as high as $47.70. Tortoise Pipeline & Energy Fund shares last traded at $47.61, with a volume of 4,204 shares.

Tortoise Pipeline & Energy Fund Price Performance

The business’s fifty day moving average is $48.84 and its 200-day moving average is $43.70.

Tortoise Pipeline & Energy Fund Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 6th were paid a dividend of $0.175 per share. The ex-dividend date was Friday, December 6th. This represents a dividend yield of 4.6%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in Tortoise Pipeline & Energy Fund by 16.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 34,715 shares of the investment management company’s stock valued at $1,465,000 after acquiring an additional 4,859 shares during the period. Rockefeller Capital Management L.P. lifted its stake in shares of Tortoise Pipeline & Energy Fund by 10.6% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 27,929 shares of the investment management company’s stock valued at $1,179,000 after purchasing an additional 2,683 shares in the last quarter. Almitas Capital LLC grew its holdings in shares of Tortoise Pipeline & Energy Fund by 0.7% during the 2nd quarter. Almitas Capital LLC now owns 116,622 shares of the investment management company’s stock worth $4,219,000 after purchasing an additional 867 shares during the period. D.A. Davidson & CO. increased its position in Tortoise Pipeline & Energy Fund by 30.4% during the 3rd quarter. D.A. Davidson & CO. now owns 22,327 shares of the investment management company’s stock worth $942,000 after purchasing an additional 5,206 shares in the last quarter. Finally, Quarry LP acquired a new stake in Tortoise Pipeline & Energy Fund during the 3rd quarter worth approximately $110,000.

Tortoise Pipeline & Energy Fund Company Profile

Tortoise Pipeline & Energy Fund, Inc is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors, LLC. It invests in public equity markets of North America. The fund invests in pipeline companies that engage in the business of transporting natural gas, natural gas liquids, crude oil, and refined petroleum products.