Tortoise Pipeline & Energy Fund (NYSE:TTP) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $43.65 and traded as high as $47.70. Tortoise Pipeline & Energy Fund shares last traded at $47.61, with a volume of 4,204 shares changing hands.

Tortoise Pipeline & Energy Fund Trading Up 2.0 %

The company has a fifty day moving average price of $48.84 and a 200 day moving average price of $43.65.

Tortoise Pipeline & Energy Fund Announces Dividend

The firm also recently disclosed a — dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 6th were issued a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a yield of 4.6%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TTP. Quarry LP bought a new position in Tortoise Pipeline & Energy Fund in the 3rd quarter valued at about $110,000. Bayshore Asset Management LLC bought a new position in shares of Tortoise Pipeline & Energy Fund in the third quarter valued at approximately $227,000. D.A. Davidson & CO. boosted its position in shares of Tortoise Pipeline & Energy Fund by 30.4% during the third quarter. D.A. Davidson & CO. now owns 22,327 shares of the investment management company’s stock valued at $942,000 after buying an additional 5,206 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in Tortoise Pipeline & Energy Fund by 10.6% during the third quarter. Rockefeller Capital Management L.P. now owns 27,929 shares of the investment management company’s stock worth $1,179,000 after buying an additional 2,683 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position 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.

About Tortoise Pipeline & Energy Fund

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.