Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Sets New 52-Week High at $29.14

Tortoise North American Pipeline Fund (NYSEARCA:TPYP)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $29.14 and last traded at $29.07, with a volume of 8518 shares changing hands. The stock had previously closed at $28.82.

Tortoise North American Pipeline Fund Price Performance

The firm has a market cap of $561.63 million, a P/E ratio of 18.59 and a beta of 0.50. The stock’s 50-day simple moving average is $28.34 and its two-hundred day simple moving average is $27.19.

Institutional Investors Weigh In On Tortoise North American Pipeline Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TPYP. Janney Montgomery Scott LLC raised its holdings in shares of Tortoise North American Pipeline Fund by 34.8% in the first quarter. Janney Montgomery Scott LLC now owns 108,328 shares of the company’s stock valued at $3,029,000 after acquiring an additional 27,987 shares in the last quarter. Edmonds Duncan Registered Investment Advisors LLC raised its holdings in shares of Tortoise North American Pipeline Fund by 2.2% in the 1st 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 in the last quarter. Icon Wealth Advisors LLC purchased a new stake in shares of Tortoise North American Pipeline Fund in the 4th quarter worth approximately $4,111,000. Finally, Sandy Spring Bank boosted its stake in shares of Tortoise North American Pipeline Fund by 3.1% during the fourth quarter. Sandy Spring Bank now owns 38,726 shares of the company’s stock valued at $1,005,000 after purchasing an additional 1,150 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.