Tortoise Pipeline & Energy Fund (NYSE:TTP) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $42.60 and traded as high as $47.70. Tortoise Pipeline & Energy Fund shares last traded at $47.61, with a volume of 4,204 shares.

Tortoise Pipeline & Energy Fund Stock Up 2.0 %

The firm has a 50 day moving average price of $48.34 and a 200 day moving average price of $42.64.

Tortoise Pipeline & Energy Fund Announces Dividend

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

Institutional Investors Weigh In On Tortoise Pipeline & Energy Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Almitas Capital LLC increased its stake in shares of Tortoise Pipeline & Energy Fund by 0.7% in the 2nd quarter. Almitas Capital LLC now owns 116,622 shares of the investment management company’s stock worth $4,219,000 after purchasing an additional 867 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its stake in shares of 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 purchasing an additional 1,272 shares in the last quarter. Quarry LP purchased a new stake in shares of Tortoise Pipeline & Energy Fund in the 3rd quarter worth $110,000. Rockefeller Capital Management L.P. increased its stake in Tortoise Pipeline & Energy Fund by 10.6% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 27,929 shares of the investment management company’s stock worth $1,179,000 after buying an additional 2,683 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in Tortoise Pipeline & Energy Fund by 16.3% in 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 buying an additional 4,859 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.