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

Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $44.26 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 Stock Up 2.0 %

The business’s 50 day moving average price is $48.68 and its two-hundred day moving average price is $44.26.

Tortoise Pipeline & Energy Fund Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Friday, December 6th. This represents a yield of 4.6%.

Institutional Investors Weigh In On Tortoise Pipeline & Energy Fund

Several hedge funds have recently added to or reduced their stakes in TTP. Quarry LP acquired a new stake in Tortoise Pipeline & Energy Fund during the 3rd quarter worth approximately $110,000. Bayshore Asset Management LLC bought a new position in Tortoise Pipeline & Energy Fund during the 3rd quarter worth approximately $227,000. D.A. Davidson & CO. raised its holdings in Tortoise Pipeline & Energy Fund by 30.4% during 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 last quarter. Rockefeller Capital Management L.P. raised its holdings in Tortoise Pipeline & Energy Fund by 10.6% during 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 purchasing an additional 2,683 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in 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 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.