Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Shares Down 1% – Should You Sell?

Tortoise North American Pipeline Fund (NYSEARCA:TPYP)’s stock price fell 1% on Friday . The stock traded as low as $36.30 and last traded at $36.32. 26,648 shares traded hands during trading, a decline of 59% from the average session volume of 64,859 shares. The stock had previously closed at $36.69.

Tortoise North American Pipeline Fund Price Performance

The business has a 50-day moving average of $35.65 and a 200-day moving average of $34.26. The company has a market capitalization of $750.01 million, a P/E ratio of 19.00 and a beta of 1.10.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Flow Traders U.S. LLC purchased a new position in Tortoise North American Pipeline Fund in the 3rd quarter worth about $592,000. Captrust Financial Advisors increased its position in shares of Tortoise North American Pipeline Fund by 12.7% during the fourth quarter. Captrust Financial Advisors now owns 45,548 shares of the company’s stock worth $1,553,000 after acquiring an additional 5,145 shares during the period. Private Trust Co. NA bought a new stake in shares of Tortoise North American Pipeline Fund during the fourth quarter valued at approximately $157,000. Baird Financial Group Inc. boosted its holdings in shares of Tortoise North American Pipeline Fund by 87.0% in the fourth quarter. Baird Financial Group Inc. now owns 8,271 shares of the company’s stock valued at $282,000 after purchasing an additional 3,849 shares during the period. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Tortoise North American Pipeline Fund in the fourth quarter valued at approximately $38,000.

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.