Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) Stock Holdings Lifted by Wolverine Asset Management LLC

Wolverine Asset Management LLC lifted its position in Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) by 78.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 26,392 shares of the investment management company’s stock after buying an additional 11,591 shares during the quarter. Wolverine Asset Management LLC’s holdings in Tortoise Pipeline & Energy Fund were worth $742,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Thomas J. Herzfeld Advisors Inc. raised its position in shares of Tortoise Pipeline & Energy Fund by 9.8% in the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 4,268 shares of the investment management company’s stock valued at $120,000 after purchasing an additional 380 shares during the period. D.A. Davidson & CO. raised its position in shares of Tortoise Pipeline & Energy Fund by 6.9% in the third quarter. D.A. Davidson & CO. now owns 13,895 shares of the investment management company’s stock valued at $389,000 after purchasing an additional 895 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Tortoise Pipeline & Energy Fund by 4.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 37,202 shares of the investment management company’s stock valued at $1,046,000 after purchasing an additional 1,625 shares during the period. Saba Capital Management L.P. increased its position in Tortoise Pipeline & Energy Fund by 1.3% during the third quarter. Saba Capital Management L.P. now owns 169,084 shares of the investment management company’s stock worth $4,736,000 after acquiring an additional 2,248 shares during the period. Finally, International Assets Investment Management LLC increased its position in Tortoise Pipeline & Energy Fund by 2,710.9% during the fourth quarter. International Assets Investment Management LLC now owns 9,529 shares of the investment management company’s stock worth $268,000 after acquiring an additional 9,190 shares during the period.

Tortoise Pipeline & Energy Fund Stock Up 0.8 %

Shares of TTP stock opened at $32.55 on Friday. Tortoise Pipeline & Energy Fund, Inc. has a 1 year low of $24.75 and a 1 year high of $32.59. The firm’s fifty day simple moving average is $30.55 and its 200 day simple moving average is $28.94.

Tortoise Pipeline & Energy Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 22nd were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 7.25%. The ex-dividend date was Wednesday, February 21st.

Tortoise Pipeline & Energy Fund Profile

Tortoise Pipeline & Energy Fund, Inc is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors, LLC. It invests in public equity markets of North America. The fund invests in pipeline companies that engage in the business of transporting natural gas, natural gas liquids, crude oil, and refined petroleum products.