Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Sets New 12-Month High at $28.22

Shares of Tortoise North American Pipeline Fund (NYSEARCA:TPYP) reached a new 52-week high on Tuesday . The company traded as high as $28.22 and last traded at $28.10, with a volume of 5387 shares. The stock had previously closed at $28.03.

Tortoise North American Pipeline Fund Stock Performance

The firm has a 50-day moving average price of $27.44 and a 200-day moving average price of $26.30. The company has a market capitalization of $543.78 million, a price-to-earnings ratio of 18.59 and a beta of 0.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Sandy Spring Bank lifted its stake in shares of Tortoise North American Pipeline Fund by 3.2% in the 3rd quarter. Sandy Spring Bank now owns 37,576 shares of the company’s stock valued at $919,000 after purchasing an additional 1,155 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Tortoise North American Pipeline Fund in the fourth quarter worth $2,084,000. Icon Wealth Advisors LLC bought a new position in Tortoise North American Pipeline Fund in the 4th quarter worth $4,111,000. Finally, Edmonds Duncan Registered Investment Advisors LLC grew its position in shares of Tortoise North American Pipeline Fund by 2.2% in the first quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 241,363 shares of the company’s stock valued at $6,749,000 after purchasing an additional 5,106 shares during the last quarter.

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.