Wolverine Asset Management LLC Has $742,000 Stock Holdings in Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP)

Wolverine Asset Management LLC boosted its position in Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) by 78.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,392 shares of the investment management company’s stock after buying an additional 11,591 shares during the quarter. Wolverine Asset Management LLC’s holdings in Tortoise Pipeline & Energy Fund were worth $742,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of TTP. Saba Capital Management L.P. raised its stake in shares of Tortoise Pipeline & Energy Fund by 1.3% during the 3rd quarter. Saba Capital Management L.P. now owns 169,084 shares of the investment management company’s stock worth $4,736,000 after purchasing an additional 2,248 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. raised its stake in Tortoise Pipeline & Energy Fund by 9.8% in the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 4,268 shares of the investment management company’s stock valued at $120,000 after acquiring an additional 380 shares during the period. D.A. Davidson & CO. raised its stake in Tortoise Pipeline & Energy Fund by 6.9% in the 3rd quarter. D.A. Davidson & CO. now owns 13,895 shares of the investment management company’s stock valued at $389,000 after acquiring an additional 895 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Tortoise Pipeline & Energy Fund by 4.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 37,202 shares of the investment management company’s stock valued at $1,046,000 after acquiring an additional 1,625 shares during the period. Finally, International Assets Investment Management LLC raised its stake in Tortoise Pipeline & Energy Fund by 2,710.9% in the 4th quarter. International Assets Investment Management LLC now owns 9,529 shares of the investment management company’s stock valued at $268,000 after acquiring an additional 9,190 shares during the period.

Tortoise Pipeline & Energy Fund Stock Performance

TTP opened at $32.55 on Friday. Tortoise Pipeline & Energy Fund, Inc. has a 1-year low of $24.75 and a 1-year high of $32.59. The stock’s fifty day simple moving average is $30.55 and its 200 day simple moving average is $28.94.

Tortoise Pipeline & Energy Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 22nd were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 7.25%. The ex-dividend date was Wednesday, February 21st.

Tortoise Pipeline & Energy Fund Profile

Tortoise Pipeline & Energy Fund, Inc is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors, LLC. It invests in public equity markets of North America. The fund invests in pipeline companies that engage in the business of transporting natural gas, natural gas liquids, crude oil, and refined petroleum products.