Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Shares Down 0.6% – Time to Sell?

Tortoise North American Pipeline Fund (NYSEARCA:TPYPGet Free Report)’s share price dropped 0.6% on Wednesday . The stock traded as low as $33.99 and last traded at $34.09. Approximately 32,909 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 70,009 shares. The stock had previously closed at $34.30.

Tortoise North American Pipeline Fund Price Performance

The company has a market cap of $661.35 million, a price-to-earnings ratio of 18.59 and a beta of 0.50. The business’s 50-day simple moving average is $34.58 and its 200-day simple moving average is $31.96.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TPYP. Captrust Financial Advisors lifted its stake in shares of Tortoise North American Pipeline Fund by 10.1% during the 3rd quarter. Captrust Financial Advisors now owns 40,403 shares of the company’s stock worth $1,268,000 after purchasing an additional 3,695 shares during the period. Flow Traders U.S. LLC acquired a new position in Tortoise North American Pipeline Fund in the third quarter valued at $592,000. Icon Wealth Advisors LLC lifted its position in Tortoise North American Pipeline Fund by 0.6% during the third quarter. Icon Wealth Advisors LLC now owns 145,518 shares of the company’s stock worth $4,566,000 after buying an additional 800 shares during the period. Janney Montgomery Scott LLC lifted its position in Tortoise North American Pipeline Fund by 5.4% during the third quarter. Janney Montgomery Scott LLC now owns 113,255 shares of the company’s stock worth $3,554,000 after buying an additional 5,760 shares during the period. Finally, Foster & Motley Inc. boosted its stake in Tortoise North American Pipeline Fund by 0.3% in the 3rd quarter. Foster & Motley Inc. now owns 709,480 shares of the company’s stock worth $22,263,000 after buying an additional 2,013 shares during the last quarter.

Tortoise North American Pipeline Fund Company Profile

(Get Free Report)

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.

Read More

Receive News & Ratings for Tortoise North American Pipeline Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tortoise North American Pipeline Fund and related companies with MarketBeat.com's FREE daily email newsletter.