Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Trading Up 1.6% – Should You Buy?

Shares of Tortoise North American Pipeline Fund (NYSEARCA:TPYP) traded up 1.6% during trading on Friday . The stock traded as high as $43.37 and last traded at $43.33. 33,269 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 87,646 shares. The stock had previously closed at $42.66.

Tortoise North American Pipeline Fund Stock Performance

The company’s 50-day simple moving average is $42.60 and its 200-day simple moving average is $41.90. The company has a market capitalization of $882.63 million, a PE ratio of 18.76 and a beta of 0.55.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Stokes Capital Advisors LLC lifted its stake in shares of Tortoise North American Pipeline Fund by 2.5% in the 1st quarter. Stokes Capital Advisors LLC now owns 12,958 shares of the company’s stock worth $549,000 after acquiring an additional 322 shares during the period. LPL Financial LLC raised its stake in shares of Tortoise North American Pipeline Fund by 0.3% during the 4th quarter. LPL Financial LLC now owns 110,109 shares of the company’s stock worth $3,886,000 after buying an additional 339 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of 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 buying an additional 342 shares in the last quarter. Heritage Oak Wealth Advisors LLC grew its holdings in Tortoise North American Pipeline Fund by 1.3% during the first quarter. Heritage Oak Wealth Advisors LLC now owns 32,899 shares of the company’s stock worth $1,394,000 after acquiring an additional 414 shares during the period. Finally, Captrust Financial Advisors raised its position in Tortoise North American Pipeline Fund by 0.9% in the fourth 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.

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.