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

Tortoise North American Pipeline Fund (NYSEARCA:TPYP) shares saw unusually-high trading volume on Friday . Approximately 205,253 shares traded hands during mid-day trading, an increase of 93% from the previous session’s volume of 106,594 shares.The stock last traded at $41.1450 and had previously closed at $41.37.

Tortoise North American Pipeline Fund Stock Down 0.3%

The firm has a market capitalization of $878.77 million, a PE ratio of 18.76 and a beta of 0.62. The stock has a 50-day moving average price of $41.76 and a 200 day moving average price of $37.86.

Tortoise North American Pipeline Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Thursday, March 26th were given a dividend of $0.3407 per share. This is a boost from Tortoise North American Pipeline Fund’s previous quarterly dividend of $0.34. This represents a $1.36 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Thursday, March 26th.

Institutional Trading of Tortoise North American Pipeline Fund

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

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.