Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Stock Price Up 1.6% – Here’s Why

Shares of Tortoise North American Pipeline Fund (NYSEARCA:TPYP) were up 1.6% during trading on Friday . The company traded as high as $43.37 and last traded at $43.33. 33,269 shares traded hands during trading, a decline of 62% from the average daily volume of 87,646 shares. The stock had previously closed at $42.66.

Tortoise North American Pipeline Fund Price Performance

The company has a market capitalization of $882.63 million, a price-to-earnings ratio of 18.76 and a beta of 0.55. The stock has a 50 day simple moving average of $42.60 and a two-hundred day simple moving average of $41.90.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Stokes Capital Advisors LLC raised its stake in Tortoise North American Pipeline Fund by 2.5% during the 1st quarter. Stokes Capital Advisors LLC now owns 12,958 shares of the company’s stock worth $549,000 after acquiring an additional 322 shares in the last quarter. LPL Financial LLC increased its position in shares of 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 worth $3,886,000 after purchasing an additional 339 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of 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 valued at $1,281,000 after purchasing an additional 342 shares during the last quarter. Heritage Oak Wealth Advisors LLC grew its stake in Tortoise North American Pipeline Fund by 1.3% during the 1st quarter. Heritage Oak Wealth Advisors LLC now owns 32,899 shares of the company’s stock worth $1,394,000 after buying an additional 414 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in Tortoise North American Pipeline Fund by 0.9% during the fourth quarter. Captrust Financial Advisors now owns 47,619 shares of the company’s stock worth $1,681,000 after buying an additional 447 shares during the period.

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.