Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Hits New 1-Year High at $29.14

Tortoise North American Pipeline Fund (NYSEARCA:TPYP) shares hit a new 52-week high on Wednesday . The company traded as high as $29.14 and last traded at $29.07, with a volume of 8518 shares changing hands. The stock had previously closed at $28.82.

Tortoise North American Pipeline Fund Trading Up 0.5 %

The company has a market capitalization of $561.63 million, a PE ratio of 18.59 and a beta of 0.50. The firm’s 50-day simple moving average is $28.34 and its 200-day simple moving average is $27.19.

Institutional Investors Weigh In On Tortoise North American Pipeline Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its stake in shares of Tortoise North American Pipeline Fund by 34.8% during the first quarter. Janney Montgomery Scott LLC now owns 108,328 shares of the company’s stock valued at $3,029,000 after buying an additional 27,987 shares during the period. Edmonds Duncan Registered Investment Advisors LLC lifted its position in shares of Tortoise North American Pipeline Fund by 2.2% in the 1st quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 241,363 shares of the company’s stock worth $6,749,000 after purchasing an additional 5,106 shares during the period. Icon Wealth Advisors LLC purchased a new stake in shares of Tortoise North American Pipeline Fund in the 4th quarter worth approximately $4,111,000. Finally, Sandy Spring Bank boosted its stake in shares of Tortoise North American Pipeline Fund by 3.1% during the fourth quarter. Sandy Spring Bank now owns 38,726 shares of the company’s stock valued at $1,005,000 after purchasing an additional 1,150 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.