Tortoise Pipeline & Energy Fund (NYSE:TTP) Shares Cross Above Two Hundred Day Moving Average of $29.25

Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $29.25 and traded as high as $33.53. Tortoise Pipeline & Energy Fund shares last traded at $33.53, with a volume of 4,941 shares traded.

Tortoise Pipeline & Energy Fund Stock Performance

The firm has a 50-day simple moving average of $31.22 and a two-hundred day simple moving average of $29.25.

Institutional Investors Weigh In On Tortoise Pipeline & Energy Fund

A number of institutional investors have recently modified their holdings of TTP. Saba Capital Management L.P. raised its stake in shares of Tortoise Pipeline & Energy Fund by 1.3% during the 3rd quarter. Saba Capital Management L.P. now owns 169,084 shares of the investment management company’s stock worth $4,736,000 after buying an additional 2,248 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Tortoise Pipeline & Energy Fund by 4.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 37,202 shares of the investment management company’s stock worth $1,046,000 after buying an additional 1,625 shares during the last quarter. Wolverine Asset Management LLC raised its stake in shares of Tortoise Pipeline & Energy Fund by 78.3% during the 4th quarter. Wolverine Asset Management LLC now owns 26,392 shares of the investment management company’s stock worth $742,000 after buying an additional 11,591 shares during the last quarter. Quarry LP acquired a new position in Tortoise Pipeline & Energy Fund in the 4th quarter valued at about $512,000. Finally, D.A. Davidson & CO. raised its stake in Tortoise Pipeline & Energy Fund by 12.9% in the 4th quarter. D.A. Davidson & CO. now owns 15,694 shares of the investment management company’s stock valued at $441,000 after purchasing an additional 1,799 shares during the last quarter.

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.