Tortoise Pipeline & Energy Fund (NYSE:TTP) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $41.57 and traded as high as $48.54. Tortoise Pipeline & Energy Fund shares last traded at $48.26, with a volume of 9,222 shares.

Tortoise Pipeline & Energy Fund Trading Down 0.4 %

The stock’s fifty day moving average price is $47.65 and its 200 day moving average price is $41.57.

Tortoise Pipeline & Energy Fund Dividend Announcement

The firm also recently announced a — dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 6th were issued a $0.175 dividend. This represents a dividend yield of 4.6%. The ex-dividend date was Friday, December 6th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TTP. Blue Bell Private Wealth Management LLC increased its holdings in Tortoise Pipeline & Energy Fund by 115.6% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 2,372 shares of the investment management company’s stock worth $86,000 after buying an additional 1,272 shares in the last quarter. Quarry LP bought a new stake in shares of Tortoise Pipeline & Energy Fund in the third quarter worth approximately $110,000. Bayshore Asset Management LLC purchased a new position in shares of Tortoise Pipeline & Energy Fund during the third quarter valued at approximately $227,000. Concorde Asset Management LLC purchased a new stake in Tortoise Pipeline & Energy Fund in the second quarter worth approximately $384,000. Finally, D.A. Davidson & CO. grew its position in Tortoise Pipeline & Energy Fund by 30.4% in the 3rd quarter. D.A. Davidson & CO. now owns 22,327 shares of the investment management company’s stock worth $942,000 after purchasing an additional 5,206 shares during the period.

About Tortoise Pipeline & Energy Fund

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.