Kayne Anderson Capital Advisors LP increased its position in shares of TORTOISE PIPELI/COM (NYSE:TTP) by 196.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 343,317 shares of the investment management company’s stock after acquiring an additional 227,317 shares during the quarter. Kayne Anderson Capital Advisors LP’s holdings in TORTOISE PIPELI/COM were worth $4,551,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. boosted its position in TORTOISE PIPELI/COM by 15.7% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,718 shares of the investment management company’s stock worth $140,000 after acquiring an additional 1,320 shares during the last quarter. Selective Wealth Management Inc. boosted its holdings in shares of TORTOISE PIPELI/COM by 86.7% in the 2nd quarter. Selective Wealth Management Inc. now owns 33,247 shares of the investment management company’s stock valued at $478,000 after purchasing an additional 15,441 shares during the last quarter. Advisor Group Inc. boosted its holdings in shares of TORTOISE PIPELI/COM by 25.0% in the 2nd quarter. Advisor Group Inc. now owns 41,025 shares of the investment management company’s stock valued at $589,000 after purchasing an additional 8,207 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of TORTOISE PIPELI/COM by 185.9% in the 2nd quarter. Wells Fargo & Company MN now owns 57,017 shares of the investment management company’s stock valued at $820,000 after purchasing an additional 37,075 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of TORTOISE PIPELI/COM by 41.6% in the 1st quarter. First Trust Advisors LP now owns 101,141 shares of the investment management company’s stock valued at $1,537,000 after purchasing an additional 29,712 shares during the last quarter.

Shares of TTP traded up $0.01 during mid-day trading on Friday, reaching $12.35. The company had a trading volume of 46,200 shares, compared to its average volume of 45,999. The firm has a fifty day simple moving average of $12.78 and a 200-day simple moving average of $13.75. TORTOISE PIPELI/COM has a fifty-two week low of $11.34 and a fifty-two week high of $15.86.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 22nd will be issued a $0.285 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.14 dividend on an annualized basis and a dividend yield of 9.23%.

TORTOISE PIPELI/COM Profile

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.

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Institutional Ownership by Quarter for TORTOISE PIPELI/COM (NYSE:TTP)

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