Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Reaches New 1-Year High – Time to Buy?

Tortoise North American Pipeline Fund (NYSEARCA:TPYP) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $38.86 and last traded at $38.5710, with a volume of 45385 shares. The stock had previously closed at $38.46.

Tortoise North American Pipeline Fund Stock Up 0.5%

The business’s fifty day moving average is $36.15 and its two-hundred day moving average is $35.69. The stock has a market capitalization of $781.25 million, a PE ratio of 18.76 and a beta of 0.73.

Institutional Trading of Tortoise North American Pipeline Fund

Several hedge funds have recently made changes to their positions in TPYP. Marshall & Sterling Wealth Advisors Inc. grew its position in Tortoise North American Pipeline Fund by 15.9% in the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 96,293 shares of the company’s stock worth $3,399,000 after acquiring an additional 13,236 shares in the last quarter. Blueline Advisors LLC bought a new stake in shares of Tortoise North American Pipeline Fund in the 4th quarter valued at approximately $3,413,000. Castlekeep Investment Advisors LLC boosted its holdings in shares of Tortoise North American Pipeline Fund by 1.2% in the 4th quarter. Castlekeep Investment Advisors LLC now owns 195,234 shares of the company’s stock worth $6,891,000 after purchasing an additional 2,407 shares during the period. Coldstream Capital Management Inc. bought a new position in shares of Tortoise North American Pipeline Fund during the 4th quarter valued at approximately $206,000. Finally, Keudell Morrison Wealth Management purchased a new stake in Tortoise North American Pipeline Fund during the 4th quarter valued at $10,911,000.

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.