Bard Associates Inc. lessened its stake in shares of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ - Free Report) by 38.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 291,861 shares of the investment management company's stock after selling 181,460 shares during the quarter. Tortoise Power and Energy Infrastructure Fund makes up about 2.2% of Bard Associates Inc.'s portfolio, making the stock its 2nd biggest position. Bard Associates Inc. owned approximately 3.72% of Tortoise Power and Energy Infrastructure Fund worth $6,027,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Trust Co. NA increased its stake in shares of Tortoise Power and Energy Infrastructure Fund by 50.0% in the 1st quarter. Private Trust Co. NA now owns 3,000 shares of the investment management company's stock valued at $62,000 after purchasing an additional 1,000 shares in the last quarter. Bank of America Corp DE acquired a new stake in Tortoise Power and Energy Infrastructure Fund in the fourth quarter valued at $1,855,000. Concorde Asset Management LLC purchased a new position in shares of Tortoise Power and Energy Infrastructure Fund during the fourth quarter worth approximately $403,000. Jane Street Group LLC acquired a new position in Tortoise Power and Energy Infrastructure Fund in the 4th quarter valued at about $7,046,000. Finally, Mariner LLC acquired a new position in Tortoise Power and Energy Infrastructure Fund during the 4th quarter worth approximately $368,000.
Tortoise Power and Energy Infrastructure Fund Stock Performance
Shares of TPZ traded up $0.09 on Tuesday, reaching $20.76. The stock had a trading volume of 4,170 shares, compared to its average volume of 46,369. Tortoise Power and Energy Infrastructure Fund, Inc. has a twelve month low of $17.20 and a twelve month high of $22.30. The firm has a 50-day moving average of $20.39 and a 200 day moving average of $20.21.
About Tortoise Power and Energy Infrastructure Fund
(
Free Report)
Tortoise Power and Energy Infrastructure Fund, Inc is a closed-ended balanced mutual fund launched and managed by Tortoise Capital Advisors, LLC. The fund invests in the fixed income and public equity markets of the United States. It invests in securities of companies operating in the power and energy infrastructure sectors.
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