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

Tortoise North American Pipeline Fund (NYSEARCA:TPYP) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $43.60 and last traded at $43.4750, with a volume of 6300 shares traded. The stock had previously closed at $42.80.

Tortoise North American Pipeline Fund Stock Performance

The company’s 50-day moving average price is $39.98 and its 200 day moving average price is $37.02. The stock has a market capitalization of $860.81 million, a P/E ratio of 18.76 and a beta of 0.73.

Tortoise North American Pipeline Fund Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Thursday, March 26th will be issued 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 3.2%. The ex-dividend date of this dividend is Thursday, March 26th.

Hedge Funds Weigh In On Tortoise North American Pipeline Fund

Several large investors have recently made changes to their positions in TPYP. LPL Financial LLC grew its stake in Tortoise North American Pipeline Fund by 0.3% during the fourth quarter. LPL Financial LLC now owns 110,109 shares of the company’s stock valued at $3,886,000 after acquiring an additional 339 shares in the last quarter. Global Retirement Partners LLC lifted its stake in Tortoise North American Pipeline Fund by 1.0% in the 4th quarter. Global Retirement Partners LLC now owns 36,284 shares of the company’s stock worth $1,281,000 after purchasing an additional 342 shares in the last quarter. J.W. Cole Advisors Inc. lifted its stake in 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 worth $337,000 after purchasing an additional 373 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Tortoise North American Pipeline Fund by 0.9% during the 4th quarter. Captrust Financial Advisors now owns 47,619 shares of the company’s stock valued at $1,681,000 after purchasing an additional 447 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Tortoise North American Pipeline Fund by 3.3% during the 4th 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 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.