Tortoise Pipeline & Energy Fund (NYSE:TTP) Shares Cross Above 200 Day Moving Average of $27.49

Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $27.49 and traded as high as $28.80. Tortoise Pipeline & Energy Fund shares last traded at $28.77, with a volume of 1,575 shares changing hands.

Tortoise Pipeline & Energy Fund Stock Up 0.7 %

The stock’s fifty day moving average price is $27.98 and its 200-day moving average price is $27.49.

Tortoise Pipeline & Energy Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Thursday, August 24th were issued 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 8.20%.

Hedge Funds Weigh In On Tortoise Pipeline & Energy Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. UBS Group AG grew its stake in shares of Tortoise Pipeline & Energy Fund by 21.8% in the fourth quarter. UBS Group AG now owns 2,833 shares of the investment management company’s stock valued at $76,000 after buying an additional 507 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Tortoise Pipeline & Energy Fund by 1.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 36,820 shares of the investment management company’s stock valued at $946,000 after buying an additional 600 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of Tortoise Pipeline & Energy Fund by 4.9% in the second quarter. D.A. Davidson & CO. now owns 13,000 shares of the investment management company’s stock valued at $356,000 after buying an additional 610 shares in the last quarter. CSS LLC IL grew its stake in shares of Tortoise Pipeline & Energy Fund by 4.6% in the second quarter. CSS LLC IL now owns 18,405 shares of the investment management company’s stock valued at $504,000 after buying an additional 806 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Tortoise Pipeline & Energy Fund by 8.8% in the first quarter. Bank of America Corp DE now owns 11,725 shares of the investment management company’s stock valued at $344,000 after buying an additional 950 shares in the last quarter.

About Tortoise Pipeline & Energy Fund

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.