Tortoise North American Pipeline Fund (NYSEARCA:TPYP) Trading Down 1.9% – Should You Sell?

Tortoise North American Pipeline Fund (NYSEARCA:TPYP) shares were down 1.9% on Monday . The stock traded as low as $34.91 and last traded at $34.97. Approximately 32,619 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 69,382 shares. The stock had previously closed at $35.65.

Tortoise North American Pipeline Fund Trading Up 0.9 %

The company has a market cap of $679.78 million, a price-to-earnings ratio of 18.59 and a beta of 0.50. The firm has a 50-day moving average price of $34.10 and a 200 day moving average price of $31.34.

Hedge Funds Weigh In On Tortoise North American Pipeline Fund

A number of large investors have recently bought and sold shares of the business. Brown Brothers Harriman & Co. acquired a new position in Tortoise North American Pipeline Fund during the 2nd quarter valued at about $155,000. Flow Traders U.S. LLC bought a new position in shares of Tortoise North American Pipeline Fund in the third quarter worth $592,000. Captrust Financial Advisors increased its holdings in shares of Tortoise North American Pipeline Fund by 10.1% during the third quarter. Captrust Financial Advisors now owns 40,403 shares of the company’s stock valued at $1,268,000 after purchasing an additional 3,695 shares during the period. Battery Global Advisors LLC bought a new stake in shares of Tortoise North American Pipeline Fund during the second quarter valued at about $1,972,000. Finally, Janney Montgomery Scott LLC lifted its holdings in Tortoise North American Pipeline Fund by 5.4% in the third quarter. Janney Montgomery Scott LLC now owns 113,255 shares of the company’s stock worth $3,554,000 after purchasing an additional 5,760 shares during the period.

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.