Tortoise Power and Energy Infrastructure Fund, Inc. $TPZ Position Cut by Bard Associates Inc.

Bard Associates Inc. trimmed its holdings in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) by 9.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 1.4% of Bard Associates Inc.’s portfolio, making the stock its 22nd largest holding. Bard Associates Inc. owned about 4.22% of Tortoise Power and Energy Infrastructure Fund worth $5,318,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in Tortoise Power and Energy Infrastructure Fund by 233.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,800 shares of the investment management company’s stock worth $160,000 after buying an additional 5,463 shares in the last quarter. First Trust Advisors LP grew its holdings in Tortoise Power and Energy Infrastructure Fund by 19.4% in the 3rd quarter. First Trust Advisors LP now owns 12,678 shares of the investment management company’s stock worth $266,000 after buying an additional 2,059 shares in the last quarter. Uhlmann Price Securities LLC grew its holdings in Tortoise Power and Energy Infrastructure Fund by 39.9% in the 3rd quarter. Uhlmann Price Securities LLC now owns 75,129 shares of the investment management company’s stock worth $1,578,000 after buying an additional 21,418 shares in the last quarter. Osaic Holdings Inc. grew its holdings in Tortoise Power and Energy Infrastructure Fund by 7.1% in the 2nd quarter. Osaic Holdings Inc. now owns 26,701 shares of the investment management company’s stock worth $547,000 after buying an additional 1,771 shares in the last quarter. Finally, Walleye Capital LLC bought a new position in Tortoise Power and Energy Infrastructure Fund in the 2nd quarter worth approximately $213,000.

Tortoise Power and Energy Infrastructure Fund Price Performance

Shares of TPZ stock opened at $21.84 on Friday. Tortoise Power and Energy Infrastructure Fund, Inc. has a 12-month low of $19.64 and a 12-month high of $23.03. The business has a 50 day simple moving average of $22.10 and a 200 day simple 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.