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

Tortoise North American Pipeline Fund (NYSEARCA:TPYP) fell 1% during trading on Friday . The stock traded as low as $36.30 and last traded at $36.32. 26,648 shares traded hands during trading, a decline of 59% from the average session volume of 64,859 shares. The stock had previously closed at $36.69.

Tortoise North American Pipeline Fund Stock Down 1.0 %

The company’s 50-day moving average is $35.65 and its two-hundred day moving average is $34.26. The company has a market capitalization of $750.01 million, a P/E ratio of 19.00 and a beta of 1.10.

Hedge Funds Weigh In On Tortoise North American Pipeline Fund

A number of institutional investors have recently made changes to their positions in TPYP. Icon Wealth Advisors LLC grew its holdings in shares of Tortoise North American Pipeline Fund by 0.6% during the 3rd quarter. Icon Wealth Advisors LLC now owns 145,518 shares of the company’s stock valued at $4,566,000 after purchasing an additional 800 shares during the last quarter. Captrust Financial Advisors grew its stake 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 buying an additional 3,695 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Tortoise North American Pipeline Fund in the third quarter worth about $592,000. Janney Montgomery Scott LLC lifted its stake in shares of Tortoise North American Pipeline Fund by 0.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 113,910 shares of the company’s stock valued at $3,883,000 after acquiring an additional 655 shares during the last quarter. Finally, Private Trust Co. NA purchased a new stake in Tortoise North American Pipeline Fund during the 4th quarter valued at about $157,000.

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.