Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP – Get Free Report)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.97 and traded as high as $29.34. Tortoise Pipeline & Energy Fund shares last traded at $29.17, with a volume of 2,875 shares.
Tortoise Pipeline & Energy Fund Stock Down 0.1 %
The firm’s 50 day moving average is $27.38 and its two-hundred day moving average is $26.97.
Hedge Funds Weigh In On Tortoise Pipeline & Energy Fund
Several hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Group AG raised its holdings in shares of Tortoise Pipeline & Energy Fund by 89.3% during the second quarter. UBS Group AG now owns 2,483 shares of the investment management company’s stock valued at $62,000 after purchasing an additional 1,171 shares during the period. D.A. Davidson & CO. acquired a new position in shares of Tortoise Pipeline & Energy Fund during the first quarter valued at about $203,000. Almitas Capital LLC bought a new stake in shares of Tortoise Pipeline & Energy Fund during the fourth quarter worth about $236,000. Zimmer Partners LP bought a new stake in shares of Tortoise Pipeline & Energy Fund during the first quarter worth about $274,000. Finally, Rockefeller Capital Management L.P. increased its position in shares of Tortoise Pipeline & Energy Fund by 18.0% during the first quarter. Rockefeller Capital Management L.P. now owns 12,089 shares of the investment management company’s stock worth $310,000 after acquiring an additional 1,845 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.
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