Bard Associates Inc. Sells 5,237 Shares of Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP)

Bard Associates Inc. cut its position in Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) by 4.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 121,332 shares of the investment management company’s stock after selling 5,237 shares during the period. Tortoise Pipeline & Energy Fund accounts for about 1.7% of Bard Associates Inc.’s investment portfolio, making the stock its 7th biggest position. Bard Associates Inc.’s holdings in Tortoise Pipeline & Energy Fund were worth $5,120,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC lifted its stake in shares of Tortoise Pipeline & Energy Fund by 115.6% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 2,372 shares of the investment management company’s stock worth $86,000 after buying an additional 1,272 shares during the last quarter. Bayshore Asset Management LLC bought a new position in shares of Tortoise Pipeline & Energy Fund during the 3rd quarter worth about $227,000. Concorde Asset Management LLC acquired a new stake in shares of Tortoise Pipeline & Energy Fund in the 2nd quarter worth about $384,000. Allspring Global Investments Holdings LLC increased its stake in Tortoise Pipeline & Energy Fund by 16.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 34,715 shares of the investment management company’s stock valued at $1,465,000 after buying an additional 4,859 shares during the last quarter. Finally, Almitas Capital LLC grew its position in shares of Tortoise Pipeline & Energy Fund by 0.7% during the 2nd quarter. Almitas Capital LLC now owns 116,622 shares of the investment management company’s stock valued at $4,219,000 after acquiring an additional 867 shares during the period.

Tortoise Pipeline & Energy Fund Stock Performance

NYSE TTP opened at $48.37 on Friday. The company has a 50-day simple moving average of $44.20 and a two-hundred day simple moving average of $38.88. Tortoise Pipeline & Energy Fund, Inc. has a 12-month low of $26.43 and a 12-month high of $49.71.

Tortoise Pipeline & Energy Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 22nd will be paid a dividend of $0.59 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.36 annualized dividend and a yield of 4.88%.

Tortoise Pipeline & Energy Fund Profile

Tortoise Pipeline & Energy Fund, Inc is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors, LLC. It invests in public equity markets of North America. The fund invests in pipeline companies that engage in the business of transporting natural gas, natural gas liquids, crude oil, and refined petroleum products.