Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Sets New 12-Month High – Still a Buy?

Tortoise North American Pipeline Fund (NYSEARCA:TPYP)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $42.55 and last traded at $42.18, with a volume of 55328 shares traded. The stock had previously closed at $42.36.

Tortoise North American Pipeline Fund Trading Down 0.4%

The company has a market cap of $841.07 million, a P/E ratio of 18.76 and a beta of 0.73. The firm’s 50 day moving average price is $37.75 and its 200-day moving average price is $36.27.

Hedge Funds Weigh In On Tortoise North American Pipeline Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC raised its position in shares of Tortoise North American Pipeline Fund by 0.3% during the 4th quarter. LPL Financial LLC now owns 110,109 shares of the company’s stock valued at $3,886,000 after acquiring an additional 339 shares during the last quarter. Global Retirement Partners LLC lifted its stake in Tortoise North American Pipeline Fund by 1.0% in the fourth quarter. Global Retirement Partners LLC now owns 36,284 shares of the company’s stock valued at $1,281,000 after buying an additional 342 shares during the period. J.W. Cole Advisors Inc. boosted its holdings in Tortoise North American Pipeline Fund by 4.2% during the third quarter. J.W. Cole Advisors Inc. now owns 9,252 shares of the company’s stock worth $337,000 after buying an additional 373 shares during the last quarter. Captrust Financial Advisors grew its position in shares of Tortoise North American Pipeline Fund by 0.9% during the 4th quarter. Captrust Financial Advisors now owns 47,619 shares of the company’s stock worth $1,681,000 after buying an additional 447 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Tortoise North American Pipeline Fund by 3.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,468 shares of the company’s stock valued at $502,000 after acquiring an additional 459 shares during the last quarter.

Tortoise North American Pipeline Fund Company Profile

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.