Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Hits New 12-Month High – What’s Next?

Tortoise North American Pipeline Fund (NYSEARCA:TPYP)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $44.60 and last traded at $44.5910, with a volume of 3176 shares trading hands. The stock had previously closed at $44.23.

Tortoise North American Pipeline Fund Price Performance

The stock has a fifty day moving average price of $42.71 and a two-hundred day moving average price of $41.15. The company has a market cap of $899.15 million, a P/E ratio of 18.76 and a beta of 0.55.

Institutional Trading of Tortoise North American Pipeline Fund

A number of large investors have recently made changes to their positions in TPYP. Cetera Investment Advisers lifted its holdings in Tortoise North American Pipeline Fund by 20.1% during the fourth quarter. Cetera Investment Advisers now owns 16,581 shares of the company’s stock worth $585,000 after acquiring an additional 2,777 shares in the last quarter. CreativeOne Wealth LLC increased its holdings in shares of Tortoise North American Pipeline Fund by 3.4% in the fourth quarter. CreativeOne Wealth LLC now owns 15,646 shares of the company’s stock worth $552,000 after acquiring an additional 519 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of Tortoise North American Pipeline Fund during the third quarter worth about $182,000. Advisory Services Network LLC acquired a new stake in shares of Tortoise North American Pipeline Fund during the third quarter worth about $174,000. Finally, Royal Bank of Canada lifted its holdings in shares of Tortoise North American Pipeline Fund by 16.6% during the 1st quarter. Royal Bank of Canada now owns 113,017 shares of the company’s stock valued at $4,788,000 after purchasing an additional 16,090 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.