Uhlmann Price Securities LLC Sells 27,214 Shares of Tortoise Power and Energy Infrastructure Fund, Inc. $TPZ

Key Points

• Uhlmann Price Securities LLC reduced its holdings in Tortoise Power and Energy Infrastructure Fund by 33.6%, selling 27,214 shares and leaving it with 53,711 shares.
• Other institutional investors have also been active, with D.A. Davidson & CO. increasing its stake by 14.6% and Private Trust Co. NA boosting its position by 50% during the first quarter.
• The Tortoise Power and Energy Infrastructure Fund's current trading price is $21.28, with a 1-year range between $17.50 and $22.30.

Uhlmann Price Securities LLC cut its stake in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ - Free Report) by 33.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,711 shares of the investment management company's stock after selling 27,214 shares during the quarter. Tortoise Power and Energy Infrastructure Fund comprises approximately 0.8% of Uhlmann Price Securities LLC's holdings, making the stock its 28th largest holding. Uhlmann Price Securities LLC owned approximately 0.71% of Tortoise Power and Energy Infrastructure Fund worth $1,101,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TPZ. D.A. Davidson & CO. increased its position in Tortoise Power and Energy Infrastructure Fund by 14.6% during the 1st quarter. D.A. Davidson & CO. now owns 124,168 shares of the investment management company's stock valued at $2,564,000 after purchasing an additional 15,860 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of Tortoise Power and Energy Infrastructure Fund by 0.6% during the first quarter. Advisors Asset Management Inc. now owns 122,686 shares of the investment management company's stock valued at $2,533,000 after acquiring an additional 731 shares in the last quarter. Finally, Private Trust Co. NA lifted its position in Tortoise Power and Energy Infrastructure Fund by 50.0% during the 1st quarter. Private Trust Co. NA now owns 3,000 shares of the investment management company's stock worth $62,000 after acquiring an additional 1,000 shares during the period.

Tortoise Power and Energy Infrastructure Fund Trading Up 1.1%

NYSE:TPZ opened at $21.28 on Monday. Tortoise Power and Energy Infrastructure Fund, Inc. has a 1-year low of $17.50 and a 1-year high of $22.30. The company's fifty day moving average price is $20.88 and its 200-day moving average price is $20.26.

Tortoise Power and Energy Infrastructure Fund Company 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.

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