Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Sees Large Volume Increase – Time to Buy?

Tortoise North American Pipeline Fund (NYSEARCA:TPYP) saw unusually-strong trading volume on Wednesday . Approximately 335,607 shares traded hands during mid-day trading, an increase of 496% from the previous session’s volume of 56,306 shares.The stock last traded at $42.1710 and had previously closed at $42.06.

Tortoise North American Pipeline Fund Price Performance

The firm’s fifty day moving average is $39.06 and its 200 day moving average is $36.73. The firm has a market capitalization of $839.55 million, a price-to-earnings ratio of 18.76 and a beta of 0.73.

Institutional Trading of Tortoise North American Pipeline Fund

A number of institutional investors have recently bought and sold shares of TPYP. LPL Financial LLC raised its holdings in Tortoise North American Pipeline Fund by 0.3% in the 4th quarter. LPL Financial LLC now owns 110,109 shares of the company’s stock worth $3,886,000 after acquiring an additional 339 shares during the period. Global Retirement Partners LLC grew its position in Tortoise North American Pipeline Fund by 1.0% in the fourth quarter. Global Retirement Partners LLC now owns 36,284 shares of the company’s stock valued at $1,281,000 after acquiring an additional 342 shares during the period. J.W. Cole Advisors Inc. lifted its holdings in Tortoise North American Pipeline Fund by 4.2% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 9,252 shares of the company’s stock valued at $337,000 after purchasing an additional 373 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of Tortoise North American Pipeline Fund by 0.9% in the 4th quarter. Captrust Financial Advisors now owns 47,619 shares of the company’s stock worth $1,681,000 after acquiring an additional 447 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Tortoise North American Pipeline Fund by 3.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,468 shares of the company’s stock worth $502,000 after purchasing an additional 459 shares during 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.