Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Sets New 52-Week High – Here’s What Happened

Tortoise North American Pipeline Fund (NYSEARCA:TPYP)’s stock price reached a new 52-week high on Friday . The company traded as high as $32.57 and last traded at $32.55, with a volume of 9441 shares. The stock had previously closed at $32.28.

Tortoise North American Pipeline Fund Trading Up 1.1 %

The company has a market capitalization of $633.22 million, a P/E ratio of 18.59 and a beta of 0.50. The firm’s 50 day moving average price is $31.12 and its two-hundred day moving average price is $29.39.

Hedge Funds Weigh In On Tortoise North American Pipeline Fund

A number of large investors have recently modified their holdings of the business. Edmonds Duncan Registered Investment Advisors LLC raised its stake in shares of Tortoise North American Pipeline Fund by 2.2% during 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 in the last quarter. Janney Montgomery Scott LLC increased its holdings in 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 worth $3,029,000 after buying an additional 27,987 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in Tortoise North American Pipeline Fund during the second quarter worth $155,000. Finally, Battery Global Advisors LLC acquired a new stake in Tortoise North American Pipeline Fund in the second quarter valued at $1,972,000.

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.