Shares of Tortoise North American Pipeline Fund (NYSEARCA:TPYP – Get Free Report) saw unusually-high trading volume on Friday . Approximately 170,090 shares traded hands during trading, an increase of 138% from the previous session’s volume of 71,373 shares.The stock last traded at $34.86 and had previously closed at $34.73.
Tortoise North American Pipeline Fund Stock Up 0.4 %
The company has a market cap of $676.48 million, a P/E ratio of 18.59 and a beta of 0.50. The business has a 50-day moving average price of $32.41 and a two-hundred day moving average price of $30.31.
Institutional Investors Weigh In On Tortoise North American Pipeline Fund
A number of institutional investors have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. acquired a new position in Tortoise North American Pipeline Fund during the second quarter valued at approximately $155,000. Flow Traders U.S. LLC acquired a new position in shares of Tortoise North American Pipeline Fund in the 3rd quarter valued at $592,000. Captrust Financial Advisors grew its holdings in shares of Tortoise North American Pipeline Fund by 10.1% in the 3rd quarter. Captrust Financial Advisors now owns 40,403 shares of the company’s stock valued at $1,268,000 after buying an additional 3,695 shares during the period. Battery Global Advisors LLC acquired a new stake in Tortoise North American Pipeline Fund during the 2nd quarter worth $1,972,000. Finally, Janney Montgomery Scott LLC lifted its holdings in Tortoise North American Pipeline Fund by 5.4% during the third quarter. Janney Montgomery Scott LLC now owns 113,255 shares of the company’s stock worth $3,554,000 after acquiring 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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