D.A. Davidson & CO. Raises Stake in Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP)

D.A. Davidson & CO. grew its stake in Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) by 30.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,327 shares of the investment management company’s stock after acquiring an additional 5,206 shares during the quarter. D.A. Davidson & CO.’s holdings in Tortoise Pipeline & Energy Fund were worth $942,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TTP. Concorde Asset Management LLC acquired a new stake in Tortoise Pipeline & Energy Fund during the second quarter worth about $384,000. Bayshore Asset Management LLC acquired a new stake in shares of Tortoise Pipeline & Energy Fund during the 3rd quarter worth approximately $227,000. Allspring Global Investments Holdings LLC lifted its holdings in 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 acquiring an additional 4,859 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in Tortoise Pipeline & Energy Fund by 115.6% in the second quarter. Blue Bell Private Wealth Management LLC now owns 2,372 shares of the investment management company’s stock valued at $86,000 after acquiring an additional 1,272 shares during the last quarter. Finally, Almitas Capital LLC grew its position in 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 period.

Tortoise Pipeline & Energy Fund Stock Performance

NYSE:TTP opened at $52.34 on Monday. Tortoise Pipeline & Energy Fund, Inc. has a 52 week low of $26.43 and a 52 week high of $52.53. The stock’s fifty day moving average is $46.20 and its two-hundred day moving average is $40.31.

Tortoise Pipeline & Energy Fund Dividend Announcement

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

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.