D.A. Davidson & CO. Buys 15,860 Shares of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)

D.A. Davidson & CO. grew its stake in shares of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ - Free Report) by 14.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 124,168 shares of the investment management company's stock after acquiring an additional 15,860 shares during the period. D.A. Davidson & CO. owned about 1.58% of Tortoise Power and Energy Infrastructure Fund worth $2,564,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TPZ. HighTower Advisors LLC purchased a new stake in shares of Tortoise Power and Energy Infrastructure Fund during the 4th quarter valued at approximately $1,383,000. Commonwealth Equity Services LLC purchased a new stake in Tortoise Power and Energy Infrastructure Fund in the 4th quarter worth approximately $2,907,000. Advisors Asset Management Inc. lifted its stake in Tortoise Power and Energy Infrastructure Fund by 86.2% in the 4th quarter. Advisors Asset Management Inc. now owns 121,955 shares of the investment management company's stock worth $2,447,000 after purchasing an additional 56,453 shares in the last quarter. LPL Financial LLC lifted its stake in Tortoise Power and Energy Infrastructure Fund by 628.5% in the 4th quarter. LPL Financial LLC now owns 97,849 shares of the investment management company's stock worth $1,963,000 after purchasing an additional 84,417 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in Tortoise Power and Energy Infrastructure Fund in the 4th quarter worth approximately $47,000.

Tortoise Power and Energy Infrastructure Fund Stock Performance

Shares of Tortoise Power and Energy Infrastructure Fund stock traded up $0.09 on Thursday, hitting $20.29. 11,469 shares of the company traded hands, compared to its average volume of 46,462. The firm's 50-day simple moving average is $20.00 and its 200 day simple moving average is $20.26. Tortoise Power and Energy Infrastructure Fund, Inc. has a 12-month low of $15.69 and a 12-month high of $22.30.

Tortoise Power and Energy Infrastructure Fund Profile

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.