Tortoise Pipeline & Energy Fund (NYSE:TTP) Shares Cross Above 200 Day Moving Average of $27.03

Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $27.03 and traded as high as $28.13. Tortoise Pipeline & Energy Fund shares last traded at $27.72, with a volume of 5,537 shares trading hands.

Tortoise Pipeline & Energy Fund Price Performance

The business has a 50-day moving average of $28.46 and a 200 day moving average of $27.03.

Tortoise Pipeline & Energy Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Thursday, August 24th were paid a $0.59 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 8.51%.

Institutional Trading of Tortoise Pipeline & Energy Fund

A number of hedge funds have recently bought and sold shares of TTP. UBS Group AG increased its position in shares of Tortoise Pipeline & Energy Fund by 89.3% during the 2nd quarter. UBS Group AG now owns 2,483 shares of the investment management company’s stock valued at $62,000 after purchasing an additional 1,171 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. purchased a new stake in Tortoise Pipeline & Energy Fund during the second quarter worth about $106,000. Osaic Holdings Inc. increased its holdings in Tortoise Pipeline & Energy Fund by 32.4% during the second quarter. Osaic Holdings Inc. now owns 4,905 shares of the investment management company’s stock worth $134,000 after buying an additional 1,200 shares during the last quarter. D.A. Davidson & CO. bought a new stake in Tortoise Pipeline & Energy Fund in the first quarter worth about $203,000. Finally, Almitas Capital LLC purchased a new position in Tortoise Pipeline & Energy Fund in the fourth quarter valued at about $236,000.

Tortoise Pipeline & Energy Fund Company 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.