Tortoise North Ownership
| TPYP Etf | USD 36.18 0.09 0.25% |
Please note, institutional investors have a lot of resources and new technology at their disposal. They can put in a lot of research and financial analysis when reviewing investment options. There are many different types of institutional investors, including banks, hedge funds, insurance companies, and pension plans. One of the main advantages they have over retail investors is the fees paid for trades. As they are buying in large quantities, they can manage their cost more effectively.
Tortoise |
Tortoise Etf Ownership Analysis
Tortoise North is is formed as Regulated Investment Company in the United States. ETF is managed and operated by U.S. Bancorp Fund Services, LLC. The fund has 45 constituents with avarage daily trading value of 45.7 K. The fund charges 0.4 percent management fee with a total expences of 0.4 percent of total asset. The fund created five year return of 16.0%. Tortoise North American maintains 99.79% of assets in stocks. This fund last dividend was 0.244 per share. The fund will normally invest at least 80 percent of its total assets in securities that comprise the underlying index . Tortoise North is traded on NYSEARCA Exchange in the United States. To find out more about Tortoise North American contact the company at NA.Sector Exposure (%)
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Tortoise Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Tortoise North , and the less return is expected.
Currency Exposure (%)
Investment Allocations (%)
Top Etf Constituents
| ATO | Atmos Energy | Stock | |
| EPD | Enterprise Products Partners | Stock | |
| ET | Energy Transfer LP | Stock | |
| KMI | Kinder Morgan | Stock | |
| LNG | Cheniere Energy | Stock | |
| MMP | Magellan Midstream Partners | Stock | |
| NI | NiSource | Stock | |
| OGS | One Gas | Stock | |
| OKE | ONEOK Inc | Stock | |
| TRGP | Targa Resources | Stock | |
| WMB | Williams Companies | Stock |
Tortoise North's latest congressional trading
Congressional trading in companies like Tortoise North American, is subject to rigorous scrutiny to prevent conflicts of interest and insider trading. This is governed by multiple SEC regulations which were established to foster transparency and deter members of Congress from leveraging non-public information for personal gain. This oversight helps maintain public trust and ensures that investments in Tortoise North by those in governmental positions are based on the same information available to the general public.
| 2024-10-18 | Senator John Boozman | Acquired $15K to $50K | Verify | ||
| 2024-10-17 | Senator John Boozman | Acquired $15K to $50K | Verify |
Tortoise North Outstanding Bonds
Tortoise North issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Tortoise North American uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Tortoise bonds can be classified according to their maturity, which is the date when Tortoise North American has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| MPLX LP 4875 Corp BondUS55336VAG59 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| International Game Technology Corp BondUS460599AD57 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View | |
| AerCap Global Aviation Corp BondUS00773HAA59 | View |
Pair Trading with Tortoise North
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tortoise North position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tortoise North will appreciate offsetting losses from the drop in the long position's value.Moving together with Tortoise Etf
| 0.99 | EMLP | First Trust North | PairCorr |
| 0.89 | AMJ | JPMorgan | PairCorr |
| 0.88 | MLPA | Global X MLP | PairCorr |
| 1.0 | MLPX | Global X MLP | PairCorr |
The ability to find closely correlated positions to Tortoise North could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tortoise North when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tortoise North - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tortoise North American to buy it.
The correlation of Tortoise North is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tortoise North moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tortoise North American moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tortoise North can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tortoise North American. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
The market value of Tortoise North American is measured differently than its book value, which is the value of Tortoise that is recorded on the company's balance sheet. Investors also form their own opinion of Tortoise North's value that differs from its market value or its book value, called intrinsic value, which is Tortoise North's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tortoise North's market value can be influenced by many factors that don't directly affect Tortoise North's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tortoise North's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tortoise North is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tortoise North's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.