Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Sees Unusually-High Trading Volume – What’s Next?

Tortoise North American Pipeline Fund (NYSEARCA:TPYP) saw an uptick in trading volume on Friday . 170,090 shares changed hands during trading, an increase of 138% from the previous session’s volume of 71,373 shares.The stock last traded at $34.86 and had previously closed at $34.73.

Tortoise North American Pipeline Fund Stock Up 0.4 %

The firm’s 50-day simple moving average is $32.41 and its 200 day simple moving average is $30.31. The firm has a market cap of $676.48 million, a P/E ratio of 18.59 and a beta of 0.50.

Institutional Trading of Tortoise North American Pipeline Fund

Institutional investors have recently modified their holdings of the business. Flow Traders U.S. LLC purchased a new stake in Tortoise North American Pipeline Fund during the 3rd quarter worth about $592,000. Captrust Financial Advisors lifted its holdings in shares of Tortoise North American Pipeline Fund by 10.1% in the third quarter. Captrust Financial Advisors now owns 40,403 shares of the company’s stock worth $1,268,000 after buying an additional 3,695 shares in the last quarter. Icon Wealth Advisors LLC boosted its position in shares of Tortoise North American Pipeline Fund by 0.6% in the third quarter. Icon Wealth Advisors LLC now owns 145,518 shares of the company’s stock valued at $4,566,000 after acquiring an additional 800 shares during the period. Foster & Motley Inc. grew its stake in 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 valued at $22,263,000 after acquiring an additional 2,013 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Tortoise North American Pipeline Fund by 5.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 113,255 shares of the company’s stock worth $3,554,000 after acquiring an additional 5,760 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.