Tortoise Pipeline & Energy Fund (NYSE:TTP) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $43.65 and traded as high as $47.70. Tortoise Pipeline & Energy Fund shares last traded at $47.61, with a volume of 4,204 shares traded.

Tortoise Pipeline & Energy Fund Price Performance

The stock’s 50-day simple moving average is $48.84 and its 200-day simple moving average is $43.65.

Tortoise Pipeline & Energy Fund Announces Dividend

The firm also recently declared a — dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 6th were given a dividend of $0.175 per share. This represents a dividend yield of 4.6%. The ex-dividend date of this dividend was Friday, December 6th.

Institutional Trading of Tortoise Pipeline & Energy Fund

Hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its position in shares of Tortoise Pipeline & Energy Fund by 16.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 34,715 shares of the investment management company’s stock valued at $1,465,000 after purchasing an additional 4,859 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Tortoise Pipeline & Energy Fund by 10.6% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 27,929 shares of the investment management company’s stock worth $1,179,000 after buying an additional 2,683 shares during the last quarter. Almitas Capital LLC grew its position in Tortoise Pipeline & Energy Fund by 0.7% during the second quarter. Almitas Capital LLC now owns 116,622 shares of the investment management company’s stock valued at $4,219,000 after buying an additional 867 shares during the period. D.A. Davidson & CO. increased its holdings in Tortoise Pipeline & Energy Fund by 30.4% during the third quarter. D.A. Davidson & CO. now owns 22,327 shares of the investment management company’s stock worth $942,000 after buying an additional 5,206 shares during the last quarter. Finally, Quarry LP bought a new stake in Tortoise Pipeline & Energy Fund in the third quarter worth about $110,000.

About Tortoise Pipeline & Energy Fund

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.