Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Shares Up 0.5%

Tortoise North American Pipeline Fund (NYSEARCA:TPYP) rose 0.5% on Wednesday . The company traded as high as $27.93 and last traded at $27.89. Approximately 24,828 shares traded hands during trading, a decline of 77% from the average daily volume of 106,090 shares. The stock had previously closed at $27.74.

Tortoise North American Pipeline Fund Stock Up 0.5 %

The company has a market cap of $485.29 million, a P/E ratio of 18.07 and a beta of 0.53. The stock has a 50 day moving average price of $27.20 and a two-hundred day moving average price of $26.14.

Hedge Funds Weigh In On Tortoise North American Pipeline Fund

Hedge funds have recently added to or reduced their stakes in the stock. Sandy Spring Bank increased its stake in Tortoise North American Pipeline Fund by 3.2% during the 3rd quarter. Sandy Spring Bank now owns 37,576 shares of the company’s stock worth $919,000 after acquiring an additional 1,155 shares during the period. Janney Montgomery Scott LLC bought a new position in Tortoise North American Pipeline Fund during the 4th quarter worth $2,084,000. Icon Wealth Advisors LLC bought a new position in Tortoise North American Pipeline Fund during the 4th quarter worth $4,111,000. Finally, Edmonds Duncan Registered Investment Advisors LLC increased its stake in Tortoise North American Pipeline Fund by 2.2% during the 1st quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 241,363 shares of the company’s stock worth $6,749,000 after acquiring an additional 5,106 shares during the period.

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.