Tortoise Pipeline & Energy Fund (NYSE:TTP) Stock Passes Above 200-Day Moving Average – Should You Sell?

Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

Tortoise Pipeline & Energy Fund Stock Performance

The company has a 50 day moving average price of $48.84 and a two-hundred day moving average price of $43.70.

Tortoise Pipeline & Energy Fund Dividend Announcement

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

Institutional Trading of Tortoise Pipeline & Energy Fund

Institutional investors have recently modified their holdings of the stock. Almitas Capital LLC boosted its stake in shares of Tortoise Pipeline & Energy Fund by 0.7% in the second quarter. Almitas Capital LLC now owns 116,622 shares of the investment management company’s stock worth $4,219,000 after acquiring an additional 867 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Tortoise Pipeline & Energy Fund by 16.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 34,715 shares of the investment management company’s stock valued at $1,465,000 after buying an additional 4,859 shares during the last quarter. Bayshore Asset Management LLC acquired a new position in Tortoise Pipeline & Energy Fund during the third quarter worth about $227,000. D.A. Davidson & CO. grew its stake 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 valued at $942,000 after acquiring an additional 5,206 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings 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 valued at $1,179,000 after acquiring an additional 2,683 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.