Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Shares Up 1.3% – Still a Buy?

Shares of Tortoise North American Pipeline Fund (NYSEARCA:TPYP) shot up 1.3% during trading on Wednesday . The company traded as high as $43.96 and last traded at $43.95. 45,677 shares were traded during trading, a decline of 50% from the average daily volume of 92,120 shares. The stock had previously closed at $43.38.

Tortoise North American Pipeline Fund Stock Performance

The firm has a market cap of $907.59 million, a P/E ratio of 18.76 and a beta of 0.55. The firm’s fifty day moving average is $42.71 and its 200 day moving average is $41.15.

Institutional Trading of Tortoise North American Pipeline Fund

A number of institutional investors have recently modified their holdings of the stock. Allworth Financial LP boosted its stake in shares of Tortoise North American Pipeline Fund by 23.4% during the fourth quarter. Allworth Financial LP now owns 7,365 shares of the company’s stock valued at $260,000 after purchasing an additional 1,395 shares in the last quarter. Diversify Wealth Management LLC increased its stake in shares of Tortoise North American Pipeline Fund by 3.6% in the fourth quarter. Diversify Wealth Management LLC now owns 40,820 shares of the company’s stock valued at $1,443,000 after buying an additional 1,407 shares during the period. Smith & Howard Wealth Management LLC raised its holdings in Tortoise North American Pipeline Fund by 7.9% in the 4th quarter. Smith & Howard Wealth Management LLC now owns 114,196 shares of the company’s stock valued at $4,030,000 after buying an additional 8,405 shares during the last quarter. Atwood & Palmer Inc. raised its holdings in Tortoise North American Pipeline Fund by 0.6% in the 4th quarter. Atwood & Palmer Inc. now owns 664,650 shares of the company’s stock valued at $23,458,000 after buying an additional 3,860 shares during the last quarter. Finally, 55 North Private Wealth LLC acquired a new stake in Tortoise North American Pipeline Fund during the 4th quarter worth approximately $489,000.

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.