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

Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $37.69 and traded as high as $44.68. Tortoise Pipeline & Energy Fund shares last traded at $44.43, with a volume of 1,197 shares.

Tortoise Pipeline & Energy Fund Stock Performance

The company has a fifty day moving average price of $42.95 and a two-hundred day moving average price of $37.69.

Tortoise Pipeline & Energy Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 23rd were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 5.31%. The ex-dividend date of this dividend was Friday, August 23rd.

Institutional Trading of Tortoise Pipeline & Energy Fund

Several hedge funds and other institutional investors have recently made changes to their positions in TTP. Blue Bell Private Wealth Management LLC grew its holdings in shares of Tortoise Pipeline & Energy Fund by 115.6% during the second quarter. Blue Bell Private Wealth Management LLC now owns 2,372 shares of the investment management company’s stock worth $86,000 after purchasing an additional 1,272 shares during the last quarter. J.W. Cole Advisors Inc. bought a new stake in Tortoise Pipeline & Energy Fund in the first quarter valued at approximately $213,000. Bayshore Asset Management LLC bought a new stake in Tortoise Pipeline & Energy Fund in the third quarter valued at approximately $227,000. Matisse Capital bought a new stake in Tortoise Pipeline & Energy Fund in the first quarter valued at approximately $245,000. Finally, Concorde Asset Management LLC bought a new stake in Tortoise Pipeline & Energy Fund in the second quarter valued at approximately $384,000.

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.