Tortoise North American Pipeline Fund (NYSE:TPYP) Shares Climb 0.4% – What’s Next?

Tortoise North American Pipeline Fund (NYSE:TPYP) rose 0.4% during trading on Monday. The company traded as high as $43.28 and last traded at $43.19. Approximately 21,044 shares traded hands during trading, a decline of 72% from the average session volume of 75,357 shares. The stock had previously closed at $43.01.

Tortoise North American Pipeline Fund Stock Performance

The firm has a market cap of $906.56 million, a price-to-earnings ratio of 18.76 and a beta of 0.58. The business’s 50 day moving average price is $42.25 and its 200 day moving average price is $41.56.

Institutional Trading of Tortoise North American Pipeline Fund

Hedge funds have recently added to or reduced their stakes in the company. Foster & Motley Inc. purchased a new stake in shares of Tortoise North American Pipeline Fund in the second quarter valued at approximately $27,078,000. Rockefeller Capital Management L.P. raised its stake in shares of Tortoise North American Pipeline Fund by 93.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 117,545 shares of the company’s stock worth $4,149,000 after buying an additional 56,846 shares during the period. Diversify Wealth Management LLC raised its stake in shares of Tortoise North American Pipeline Fund by 50.8% during the 1st quarter. Diversify Wealth Management LLC now owns 61,547 shares of the company’s stock worth $2,605,000 after buying an additional 20,727 shares during the period. Eagle Strategies LLC lifted its position in shares of Tortoise North American Pipeline Fund by 11.4% during the 3rd quarter. Eagle Strategies LLC now owns 195,309 shares of the company’s stock valued at $7,786,000 after buying an additional 20,000 shares in the last quarter. Finally, Arvest Investments Inc. lifted its position in shares of Tortoise North American Pipeline Fund by 5.7% during the 3rd quarter. Arvest Investments Inc. now owns 365,434 shares of the company’s stock valued at $14,568,000 after buying an additional 19,688 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.