Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Sees Large Volume Increase – What’s Next?

Tortoise North American Pipeline Fund (NYSEARCA:TPYPGet Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 228,375 shares traded hands during trading, an increase of 227% from the previous session’s volume of 69,870 shares.The stock last traded at $34.94 and had previously closed at $34.74.

Tortoise North American Pipeline Fund Trading Down 0.5 %

The firm has a 50-day moving average of $34.15 and a 200 day moving average of $31.37. The stock has a market capitalization of $673.57 million, a price-to-earnings ratio of 18.59 and a beta of 0.50.

Institutional Investors Weigh In On Tortoise North American Pipeline Fund

A number of large investors have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC acquired a new stake in shares of Tortoise North American Pipeline Fund during the third quarter valued at about $592,000. Captrust Financial Advisors raised its position in shares of 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 valued at $1,268,000 after purchasing an additional 3,695 shares in the last quarter. Icon Wealth Advisors LLC boosted 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 valued at $4,566,000 after buying an additional 800 shares during the last quarter. Foster & Motley Inc. grew its position in shares of 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 in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Tortoise North American Pipeline Fund by 5.4% in the third quarter. Janney Montgomery Scott LLC now owns 113,255 shares of the company’s stock worth $3,554,000 after buying an additional 5,760 shares during the last quarter.

Tortoise North American Pipeline Fund Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Tortoise North American Pipeline Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tortoise North American Pipeline Fund and related companies with MarketBeat.com's FREE daily email newsletter.