Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Sets New 52-Week High – Still a Buy?

Tortoise North American Pipeline Fund (NYSEARCA:TPYP)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $44.60 and last traded at $44.5910, with a volume of 3176 shares changing hands. The stock had previously closed at $44.23.

Tortoise North American Pipeline Fund Price Performance

The firm has a fifty day simple moving average of $42.72 and a two-hundred day simple moving average of $41.17. The firm has a market capitalization of $899.54 million, a P/E ratio of 18.76 and a beta of 0.55.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TPYP. Atwood & Palmer Inc. grew its stake in shares of Tortoise North American Pipeline Fund by 0.5% during the 2nd quarter. Atwood & Palmer Inc. now owns 670,333 shares of the company’s stock worth $28,107,000 after acquiring an additional 3,192 shares during the period. FAS Wealth Partners Inc. raised its stake in Tortoise North American Pipeline Fund by 1.6% in the 1st quarter. FAS Wealth Partners Inc. now owns 110,724 shares of the company’s stock valued at $4,690,000 after acquiring an additional 1,698 shares during the period. Royal Bank of Canada raised its stake in Tortoise North American Pipeline Fund by 16.6% in the 1st quarter. Royal Bank of Canada now owns 113,017 shares of the company’s stock valued at $4,788,000 after acquiring an additional 16,090 shares during the period. Bollard Group LLC lifted its holdings in Tortoise North American Pipeline Fund by 1.7% during the first quarter. Bollard Group LLC now owns 70,058 shares of the company’s stock valued at $2,968,000 after purchasing an additional 1,197 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Tortoise North American Pipeline Fund by 5.6% during the first quarter. Cetera Investment Advisers now owns 17,513 shares of the company’s stock valued at $742,000 after purchasing an additional 932 shares during the last quarter.

Tortoise North American Pipeline Fund Company Profile

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.