Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Tortoise North American Pipeline Fund (NYSEARCA:TPYP) saw unusually-high trading volume on Wednesday . Approximately 335,607 shares traded hands during mid-day trading, an increase of 496% from the previous session’s volume of 56,306 shares.The stock last traded at $42.1710 and had previously closed at $42.06.

Tortoise North American Pipeline Fund Trading Up 0.1%

The company has a market capitalization of $839.55 million, a P/E ratio of 18.76 and a beta of 0.73. The business has a 50 day moving average price of $39.06 and a 200 day moving average price of $36.73.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC bought a new stake in Tortoise North American Pipeline Fund in the 4th quarter valued at $46,000. Flagship Harbor Advisors LLC acquired a new position in Tortoise North American Pipeline Fund in the fourth quarter valued at about $53,000. Private Trust Co. NA bought a new stake in shares of Tortoise North American Pipeline Fund during the 3rd quarter worth approximately $168,000. Advisory Services Network LLC bought a new position in shares of Tortoise North American Pipeline Fund in the 3rd quarter valued at $174,000. Finally, Sunbelt Securities Inc. bought a new position in Tortoise North American Pipeline Fund in the third quarter valued at about $182,000.

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.