Tortoise Pipeline & Energy Fund (NYSE:TTP) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $43.14 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 Performance

The firm’s fifty day moving average price is $48.70 and its 200 day moving average price is $43.14.

Tortoise Pipeline & Energy Fund Announces Dividend

The business also recently declared a — dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 6th were issued 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.

Hedge Funds Weigh In On Tortoise Pipeline & Energy Fund

Several institutional investors and hedge funds have recently modified their holdings of TTP. Concorde Asset Management LLC purchased a new position in shares of Tortoise Pipeline & Energy Fund during the 2nd quarter valued at $384,000. Almitas Capital LLC grew its holdings in shares of Tortoise Pipeline & Energy Fund by 0.7% during the 2nd 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 in the last quarter. Allspring Global Investments Holdings LLC grew its holdings 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 valued at $1,465,000 after acquiring an additional 4,859 shares in the last quarter. Bayshore Asset Management LLC bought a new stake in Tortoise Pipeline & Energy Fund in the third quarter worth $227,000. Finally, D.A. Davidson & CO. boosted its holdings 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 worth $942,000 after purchasing an additional 5,206 shares in the last quarter.

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.