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

Tortoise North American Pipeline Fund (NYSEARCA:TPYP) shares hit a new 52-week high on Monday . The company traded as high as $35.15 and last traded at $35.15, with a volume of 2439 shares traded. The stock had previously closed at $35.01.

Tortoise North American Pipeline Fund Trading Up 0.8 %

The stock’s 50 day moving average price is $32.49 and its two-hundred day moving average price is $30.40. The firm has a market capitalization of $684.82 million, a PE ratio of 18.59 and a beta of 0.50.

Institutional Trading of Tortoise North American Pipeline Fund

Large investors have recently made changes to their positions in the stock. Icon Wealth Advisors LLC lifted its stake in shares of Tortoise North American Pipeline Fund by 0.6% during the 3rd quarter. Icon Wealth Advisors LLC now owns 145,518 shares of the company’s stock worth $4,566,000 after purchasing an additional 800 shares during the period. Foster & Motley Inc. lifted its position in Tortoise North American Pipeline Fund by 0.3% during the third quarter. Foster & Motley Inc. now owns 709,480 shares of the company’s stock worth $22,263,000 after buying an additional 2,013 shares during the period. Captrust Financial Advisors boosted its stake in Tortoise North American Pipeline Fund by 10.1% in the 3rd quarter. Captrust Financial Advisors now owns 40,403 shares of the company’s stock worth $1,268,000 after buying an additional 3,695 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in Tortoise North American Pipeline Fund in the 2nd quarter valued at about $155,000. Finally, Janney Montgomery Scott LLC increased its stake in shares of Tortoise North American Pipeline Fund by 5.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 113,255 shares of the company’s stock valued at $3,554,000 after acquiring an additional 5,760 shares during 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.