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

Shares of Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $43.65 and traded as high as $47.70. Tortoise Pipeline & Energy Fund shares last traded at $47.61, with a volume of 4,204 shares traded.

Tortoise Pipeline & Energy Fund Stock Performance

The company has a 50-day moving average of $48.84 and a two-hundred day moving average of $43.65.

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 given a $0.175 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a dividend yield of 4.6%.

Hedge Funds Weigh In On Tortoise Pipeline & Energy Fund

A number of hedge funds have recently bought and sold shares of TTP. Quarry LP bought a new stake in shares of Tortoise Pipeline & Energy Fund in the 3rd quarter worth $110,000. Rockefeller Capital Management L.P. boosted its position in shares of Tortoise Pipeline & Energy Fund by 10.6% during the third quarter. Rockefeller Capital Management L.P. now owns 27,929 shares of the investment management company’s stock valued at $1,179,000 after buying an additional 2,683 shares during the last quarter. D.A. Davidson & CO. increased its holdings 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 buying an additional 5,206 shares in the last quarter. Bayshore Asset Management LLC purchased a new position in Tortoise Pipeline & Energy Fund in the 3rd quarter worth about $227,000. Finally, Allspring Global Investments Holdings LLC lifted its stake 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 valued at $1,465,000 after acquiring an additional 4,859 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.