Tortoise Pipeline & Energy Fund (NYSE:TTP) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $43.65 and traded as high as $47.70. Tortoise Pipeline & Energy Fund shares last traded at $47.61, with a volume of 4,204 shares changing hands.

Tortoise Pipeline & Energy Fund Price Performance

The firm has a 50-day moving average of $48.84 and a two-hundred day moving average of $43.70.

Tortoise Pipeline & Energy Fund Announces Dividend

The firm also recently disclosed a — dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 6th were given a dividend of $0.175 per share. This represents a dividend yield of 4.6%. The ex-dividend date of this dividend was Friday, December 6th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Almitas Capital LLC increased its position in shares of 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 valued at $4,219,000 after acquiring an additional 867 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Tortoise Pipeline & Energy Fund by 16.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 34,715 shares of the investment management company’s stock worth $1,465,000 after purchasing an additional 4,859 shares during the period. Bayshore Asset Management LLC acquired a new stake in Tortoise Pipeline & Energy Fund in the 3rd quarter valued at approximately $227,000. D.A. Davidson & CO. raised its position in Tortoise Pipeline & Energy Fund by 30.4% in the third quarter. D.A. Davidson & CO. now owns 22,327 shares of the investment management company’s stock valued at $942,000 after purchasing an additional 5,206 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its stake in Tortoise Pipeline & Energy Fund by 10.6% during the third quarter. Rockefeller Capital Management L.P. now owns 27,929 shares of the investment management company’s stock worth $1,179,000 after purchasing an additional 2,683 shares in the last quarter.

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.