Tortoise North American Pipeline Fund (NYSE:TPYP) Shares Break Above 200-Day Moving Average – What’s Next?

Tortoise North American Pipeline Fund (NYSE:TPYP)’s share price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $42.01 and traded as high as $42.32. Tortoise North American Pipeline Fund shares last traded at $42.2240, with a volume of 16,688 shares traded.

Tortoise North American Pipeline Fund Stock Up 0.2%

The company has a 50-day simple moving average of $42.03 and a two-hundred day simple moving average of $42.07. The firm has a market cap of $897.66 million, a PE ratio of 18.03 and a beta of 0.56.

Institutional Trading of Tortoise North American Pipeline Fund

Hedge funds have recently made changes to their positions in the company. Magnus Financial Group LLC increased its stake in shares of Tortoise North American Pipeline Fund by 1.6% in the third quarter. Magnus Financial Group LLC now owns 876,917 shares of the company’s stock worth $34,958,000 after purchasing an additional 13,421 shares in the last quarter. Atwood & Palmer Inc. lifted its stake in shares of Tortoise North American Pipeline Fund by 0.5% during the 2nd quarter. Atwood & Palmer Inc. now owns 670,333 shares of the company’s stock valued at $28,107,000 after buying an additional 3,192 shares in the last quarter. Foster & Motley Inc. bought a new position in Tortoise North American Pipeline Fund in the 2nd quarter worth approximately $27,078,000. Arvest Investments Inc. boosted its holdings in Tortoise North American Pipeline Fund by 5.7% in the 3rd quarter. Arvest Investments Inc. now owns 365,434 shares of the company’s stock worth $14,568,000 after buying an additional 19,688 shares during the period. Finally, Parkside Financial Bank & Trust boosted its holdings in Tortoise North American Pipeline Fund by 1.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 288,602 shares of the company’s stock worth $12,101,000 after buying an additional 2,797 shares during the period.

Tortoise North American Pipeline Fund Company Profile

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.