Tortoise Power and Energy Infrastructure Fund, Inc. $TPZ Shares Sold by Bard Associates Inc.

Bard Associates Inc. trimmed its position in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) by 9.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 260,081 shares of the investment management company’s stock after selling 26,180 shares during the quarter. Tortoise Power and Energy Infrastructure Fund comprises approximately 1.4% of Bard Associates Inc.’s investment portfolio, making the stock its 22nd biggest holding. Bard Associates Inc.’s holdings in Tortoise Power and Energy Infrastructure Fund were worth $5,318,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in TPZ. Uhlmann Price Securities LLC lifted its position in Tortoise Power and Energy Infrastructure Fund by 39.9% in the third quarter. Uhlmann Price Securities LLC now owns 75,129 shares of the investment management company’s stock worth $1,578,000 after purchasing an additional 21,418 shares during the period. Walleye Capital LLC acquired a new stake in Tortoise Power and Energy Infrastructure Fund in the second quarter worth approximately $213,000. JPMorgan Chase & Co. lifted its position in Tortoise Power and Energy Infrastructure Fund by 233.8% in the second quarter. JPMorgan Chase & Co. now owns 7,800 shares of the investment management company’s stock worth $160,000 after purchasing an additional 5,463 shares during the period. First Trust Advisors LP lifted its position in Tortoise Power and Energy Infrastructure Fund by 19.4% in the third quarter. First Trust Advisors LP now owns 12,678 shares of the investment management company’s stock worth $266,000 after purchasing an additional 2,059 shares during the period. Finally, Osaic Holdings Inc. lifted its position in shares of Tortoise Power and Energy Infrastructure Fund by 7.1% during the 2nd quarter. Osaic Holdings Inc. now owns 26,701 shares of the investment management company’s stock valued at $547,000 after acquiring an additional 1,771 shares during the last quarter.

Tortoise Power and Energy Infrastructure Fund Trading Up 1.1%

Shares of NYSE:TPZ opened at $21.84 on Friday. Tortoise Power and Energy Infrastructure Fund, Inc. has a one year low of $19.64 and a one year high of $23.03. The stock has a fifty day moving average of $22.10 and a 200-day moving average of $21.60.

About Tortoise Power and Energy Infrastructure Fund

Tortoise Power and Energy Infrastructure Fund, Inc (NYSE: TPZ) is a closed-end management investment company that seeks total return through a mix of current income and capital appreciation. The fund pursues its objectives by investing primarily in exchange-listed closed-end funds that themselves hold securities of energy infrastructure companies. This fund-of-funds structure allows TPZ to offer diversified exposure to multiple segments of the energy infrastructure sector without directly purchasing individual corporate securities.

TPZ’s underlying investments include equity, debt and hybrid instruments issued by companies involved in the transportation, storage and processing of oil and natural gas, as well as utilities and power generation businesses.