Tortoise Pipeline & Energy Fund (NYSE:TTP) Stock Price Passes Above 200 Day Moving Average of $33.55

Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $33.55 and traded as high as $41.69. Tortoise Pipeline & Energy Fund shares last traded at $41.69, with a volume of 11,440 shares trading hands.

Tortoise Pipeline & Energy Fund Trading Up 1.1 %

The business has a fifty day moving average price of $36.89 and a two-hundred day moving average price of $33.55.

Tortoise Pipeline & Energy Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 23rd will be issued a $0.59 dividend. The ex-dividend date is Friday, August 23rd. This represents a $2.36 annualized dividend and a dividend yield of 5.66%.

Institutional Trading of Tortoise Pipeline & Energy Fund

Institutional investors have recently added to or reduced their stakes in the stock. Almitas Capital LLC lifted its stake in Tortoise Pipeline & Energy Fund by 0.7% during the second quarter. Almitas Capital LLC now owns 116,622 shares of the investment management company’s stock worth $4,219,000 after purchasing an additional 867 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its holdings in Tortoise Pipeline & Energy Fund by 13,650.0% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 1,100 shares of the investment management company’s stock valued at $35,000 after acquiring an additional 1,092 shares during the period. D.A. Davidson & CO. grew its position 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 acquiring an additional 1,799 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new stake in Tortoise Pipeline & Energy Fund during the first quarter worth about $213,000. Finally, Matisse Capital acquired a new stake in shares of Tortoise Pipeline & Energy Fund during the first quarter worth about $245,000.

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.