Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Sees Unusually-High Trading Volume – Still a Buy?

Tortoise North American Pipeline Fund (NYSEARCA:TPYP) shares saw an uptick in trading volume on Monday . 91,638 shares were traded during mid-day trading, a decline of 6% from the previous session’s volume of 97,815 shares.The stock last traded at $42.2110 and had previously closed at $42.22.

Tortoise North American Pipeline Fund Stock Performance

The stock’s 50 day simple moving average is $40.86 and its 200-day simple moving average is $37.37. The firm has a market cap of $875.46 million, a price-to-earnings ratio of 18.76 and a beta of 0.73.

Tortoise North American Pipeline Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Thursday, March 26th were given a $0.3407 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, March 26th. This is a positive change from Tortoise North American Pipeline Fund’s previous quarterly dividend of $0.34.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TPYP. Kestra Advisory Services LLC purchased a new stake in Tortoise North American Pipeline Fund in the fourth quarter valued at approximately $46,000. Flagship Harbor Advisors LLC purchased a new position in Tortoise North American Pipeline Fund during the 4th quarter worth approximately $53,000. Private Trust Co. NA acquired a new stake in Tortoise North American Pipeline Fund during the 3rd quarter valued at approximately $168,000. Advisory Services Network LLC acquired a new stake in Tortoise North American Pipeline Fund during the 3rd quarter valued at approximately $174,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Tortoise North American Pipeline Fund in the 3rd quarter valued at $182,000.

Tortoise North American Pipeline Fund Company Profile

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.