Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Hits New 1-Year High – What’s Next?

Tortoise North American Pipeline Fund (NYSEARCA:TPYP)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $37.25 and last traded at $37.1940, with a volume of 63688 shares trading hands. The stock had previously closed at $36.83.

Tortoise North American Pipeline Fund Stock Performance

The company has a 50-day moving average price of $35.58 and a 200-day moving average price of $35.46. The firm has a market capitalization of $737.68 million, a P/E ratio of 18.76 and a beta of 0.73.

Hedge Funds Weigh In On Tortoise North American Pipeline Fund

Several institutional investors have recently modified their holdings of TPYP. J.W. Cole Advisors Inc. raised its position in shares of Tortoise North American Pipeline Fund by 4.2% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 9,252 shares of the company’s stock valued at $337,000 after acquiring an additional 373 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Tortoise North American Pipeline Fund by 3.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,468 shares of the company’s stock valued at $502,000 after purchasing an additional 459 shares during the period. Baird Financial Group Inc. increased its stake in Tortoise North American Pipeline Fund by 6.3% in the second quarter. Baird Financial Group Inc. now owns 8,258 shares of the company’s stock valued at $295,000 after purchasing an additional 488 shares in the last quarter. Castlekeep Investment Advisors LLC raised its holdings in Tortoise North American Pipeline Fund by 0.3% in the second quarter. Castlekeep Investment Advisors LLC now owns 187,317 shares of the company’s stock worth $6,693,000 after purchasing an additional 571 shares during the period. Finally, Capital Advisors Ltd. LLC boosted its position in shares of Tortoise North American Pipeline Fund by 1.8% during the second quarter. Capital Advisors Ltd. LLC now owns 32,755 shares of the company’s stock worth $1,170,000 after purchasing an additional 571 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.