Tortoise Pipeline & Energy Fund (NYSE:TTP) Shares Cross Above 200 Day Moving Average – What’s Next?

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 $41.57 and traded as high as $48.54. Tortoise Pipeline & Energy Fund shares last traded at $48.26, with a volume of 9,222 shares traded.

Tortoise Pipeline & Energy Fund Stock Performance

The company’s 50 day moving average price is $47.65 and its two-hundred day moving average price is $41.57.

Tortoise Pipeline & Energy Fund Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Concorde Asset Management LLC bought a new position in shares of Tortoise Pipeline & Energy Fund during the 2nd quarter valued at approximately $384,000. Bayshore Asset Management LLC bought a new position in shares of Tortoise Pipeline & Energy Fund in the third quarter worth approximately $227,000. D.A. Davidson & CO. increased its stake in shares of Tortoise Pipeline & Energy Fund by 30.4% in the third 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 in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of 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 purchasing an additional 4,859 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of 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 valued at $1,179,000 after buying an additional 2,683 shares in the last quarter.

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.