Tortoise Pipeline & Energy Fund (NYSE:TTP) Shares Pass Above Two Hundred Day Moving Average of $23.78

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Shares of Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $23.78 and traded as high as $24.77. Tortoise Pipeline & Energy Fund shares last traded at $24.75, with a volume of 7,321 shares.

The stock’s 50-day moving average is $23.97 and its 200-day moving average is $23.78.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 30th. Investors of record on Tuesday, November 23rd were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 5.98%. The ex-dividend date of this dividend was Monday, November 22nd.

Institutional investors and hedge funds have recently bought and sold shares of the business. UBS Group AG boosted its stake in Tortoise Pipeline & Energy Fund by 16.9% during the third quarter. UBS Group AG now owns 4,254 shares of the investment management company’s stock worth $102,000 after buying an additional 614 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new stake in Tortoise Pipeline & Energy Fund during the second quarter worth $177,000. Morgan Stanley boosted its stake in Tortoise Pipeline & Energy Fund by 1.7% during the second quarter. Morgan Stanley now owns 38,959 shares of the investment management company’s stock worth $932,000 after buying an additional 669 shares in the last quarter. Private Advisor Group LLC boosted its stake in Tortoise Pipeline & Energy Fund by 9.5% during the second quarter. Private Advisor Group LLC now owns 38,950 shares of the investment management company’s stock worth $932,000 after buying an additional 3,375 shares in the last quarter. Finally, Rivernorth Capital Management LLC acquired a new stake in Tortoise Pipeline & Energy Fund during the second quarter worth $1,073,000.

About Tortoise Pipeline & Energy Fund (NYSE:TTP)

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.

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