Lincoln National Corp Grows Position in Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP)

Lincoln National Corp raised its stake in Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP – Get Rating) by 1.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 154,707 shares of the investment management company’s stock after purchasing an additional 2,528 shares during the quarter. Lincoln National Corp’s holdings in Tortoise Pipeline & Energy Fund were worth $4,536,000 at the end of the most recent reporting period.

Separately, Saba Capital Management L.P. purchased a new stake in shares of Tortoise Pipeline & Energy Fund in the fourth quarter valued at approximately $1,333,000.

Tortoise Pipeline & Energy Fund Stock Performance

Tortoise Pipeline & Energy Fund stock opened at $28.79 on Friday. The stock’s 50 day moving average price is $27.13 and its 200 day moving average price is $27.54. Tortoise Pipeline & Energy Fund, Inc. has a 1-year low of $21.16 and a 1-year high of $31.54.

Tortoise Pipeline & Energy Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 31st. Stockholders of record on Tuesday, May 24th were issued a $0.59 dividend. The ex-dividend date was Monday, May 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 8.20%.

Tortoise Pipeline & Energy Fund Profile

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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.