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

Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) shares 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 business’s 50 day simple moving average is $48.70 and its 200-day simple moving average is $43.14.

Tortoise Pipeline & Energy Fund Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of 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 stake in shares of Tortoise Pipeline & Energy Fund in the third quarter worth $227,000. Concorde Asset Management LLC acquired a new stake in Tortoise Pipeline & Energy Fund in the second quarter valued at $384,000. D.A. Davidson & CO. raised its position 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. Finally, Rockefeller Capital Management L.P. lifted 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 buying an additional 2,683 shares during the period.

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.