TORTOISE PIPELI/COM (NYSE:TTP) Shares Sold by Oppenheimer & Co. Inc.

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Oppenheimer & Co. Inc. trimmed its position in TORTOISE PIPELI/COM (NYSE:TTP) by 30.2% during the second quarter, Holdings Channel.com reports. The firm owned 32,518 shares of the investment management company’s stock after selling 14,052 shares during the period. Oppenheimer & Co. Inc.’s holdings in TORTOISE PIPELI/COM were worth $467,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Resources Investment Advisors Inc. grew its holdings in shares of TORTOISE PIPELI/COM by 94.0% during the first quarter. Resources Investment Advisors Inc. now owns 2,186 shares of the investment management company’s stock worth $33,000 after buying an additional 1,059 shares in the last quarter. Bank of America Corp DE raised its position in shares of TORTOISE PIPELI/COM by 20.3% in the fourth quarter. Bank of America Corp DE now owns 17,162 shares of the investment management company’s stock valued at $213,000 after buying an additional 2,896 shares during the last quarter. Advisor Group Inc. raised its position in shares of TORTOISE PIPELI/COM by 25.0% in the second quarter. Advisor Group Inc. now owns 41,025 shares of the investment management company’s stock valued at $589,000 after buying an additional 8,207 shares during the last quarter. Selective Wealth Management Inc. lifted its stake in shares of TORTOISE PIPELI/COM by 86.7% during the second quarter. Selective Wealth Management Inc. now owns 33,247 shares of the investment management company’s stock valued at $478,000 after buying an additional 15,441 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of TORTOISE PIPELI/COM by 22.5% during the second quarter. First Trust Advisors LP now owns 123,914 shares of the investment management company’s stock valued at $1,781,000 after buying an additional 22,773 shares during the period.

NYSE TTP traded up $0.21 during mid-day trading on Wednesday, reaching $13.47. 600 shares of the stock were exchanged, compared to its average volume of 43,711. TORTOISE PIPELI/COM has a 1-year low of $11.34 and a 1-year high of $17.98. The business’s fifty day simple moving average is $13.17 and its 200 day simple moving average is $14.39.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 23rd were issued a $0.285 dividend. The ex-dividend date was Thursday, August 22nd. This represents a $1.14 annualized dividend and a yield of 8.46%.

About TORTOISE PIPELI/COM

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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Institutional Ownership by Quarter for TORTOISE PIPELI/COM (NYSE:TTP)

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