Tortoise North American Pipeline Fund (NYSE:TPYP) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Tortoise North American Pipeline Fund (NYSE:TPYP)’s share price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $42.01 and traded as high as $42.32. Tortoise North American Pipeline Fund shares last traded at $42.2240, with a volume of 16,688 shares traded.

Tortoise North American Pipeline Fund Trading Up 1.0%

The stock has a market cap of $886.28 million, a PE ratio of 18.03 and a beta of 0.56. The business’s 50-day moving average price is $42.07 and its 200-day moving average price is $42.01.

Institutional Investors Weigh In On Tortoise North American Pipeline Fund

Several institutional investors have recently bought and sold shares of TPYP. Fifth Third Bancorp increased its position in shares of Tortoise North American Pipeline Fund by 16.6% during the third quarter. Fifth Third Bancorp now owns 12,656 shares of the company’s stock worth $504,000 after purchasing an additional 1,806 shares in the last quarter. MGO One Seven LLC grew its stake in Tortoise North American Pipeline Fund by 3.9% during the 3rd quarter. MGO One Seven LLC now owns 25,535 shares of the company’s stock worth $1,018,000 after buying an additional 949 shares during the last quarter. Magnus Financial Group LLC grew its stake in Tortoise North American Pipeline Fund by 1.6% during the 3rd quarter. Magnus Financial Group LLC now owns 876,917 shares of the company’s stock worth $34,958,000 after buying an additional 13,421 shares during the last quarter. Arvest Investments Inc. increased its position in Tortoise North American Pipeline Fund by 5.7% during the 3rd quarter. Arvest Investments Inc. now owns 365,434 shares of the company’s stock valued at $14,568,000 after buying an additional 19,688 shares in the last quarter. Finally, Diversify Advisory Services LLC increased its position in Tortoise North American Pipeline Fund by 11.2% during the 3rd quarter. Diversify Advisory Services LLC now owns 71,172 shares of the company’s stock valued at $2,939,000 after buying an additional 7,146 shares in 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.