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

Tortoise North American Pipeline Fund (NYSEARCA:TPYP)’s stock price fell 1% during mid-day trading on Thursday . The company traded as low as $34.94 and last traded at $34.98. 21,502 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 55,230 shares. The stock had previously closed at $35.34.

Tortoise North American Pipeline Fund Stock Down 1.0%

The company’s 50-day simple moving average is $35.66 and its 200 day simple moving average is $35.27. The stock has a market capitalization of $688.76 million, a price-to-earnings ratio of 18.76 and a beta of 1.09.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TPYP. Capital Advisors Ltd. LLC boosted its position in Tortoise North American Pipeline Fund by 1.8% during the second quarter. Capital Advisors Ltd. LLC now owns 32,755 shares of the company’s stock worth $1,170,000 after purchasing an additional 571 shares during the period. SteelPeak Wealth LLC lifted its stake in shares of Tortoise North American Pipeline Fund by 7.0% in the second quarter. SteelPeak Wealth LLC now owns 10,429 shares of the company’s stock worth $373,000 after buying an additional 679 shares during the last quarter. Traphagen Investment Advisors LLC lifted its stake in shares of Tortoise North American Pipeline Fund by 0.8% in the second quarter. Traphagen Investment Advisors LLC now owns 697,588 shares of the company’s stock worth $24,925,000 after buying an additional 5,417 shares during the last quarter. Keudell Morrison Wealth Management boosted its holdings in shares of Tortoise North American Pipeline Fund by 4.5% during the 2nd quarter. Keudell Morrison Wealth Management now owns 279,374 shares of the company’s stock worth $9,982,000 after buying an additional 11,984 shares during the period. Finally, Magnus Financial Group LLC grew its stake in Tortoise North American Pipeline Fund by 1.4% in the 2nd quarter. Magnus Financial Group LLC now owns 861,349 shares of the company’s stock valued at $30,776,000 after buying an additional 11,951 shares during the last quarter.

About Tortoise North American Pipeline Fund

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.