D.A. Davidson & CO. Sells 34,778 Shares of Tortoise Power and Energy Infrastructure Fund, Inc. $TPZ

D.A. Davidson & CO. lowered its stake in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) by 29.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,440 shares of the investment management company’s stock after selling 34,778 shares during the quarter. D.A. Davidson & CO. owned about 1.38% of Tortoise Power and Energy Infrastructure Fund worth $1,804,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Sound Income Strategies LLC bought a new position in shares of Tortoise Power and Energy Infrastructure Fund in the first quarter worth about $31,000. JPMorgan Chase & Co. lifted its stake in shares of 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 valued at $160,000 after purchasing an additional 5,463 shares during the last quarter. Breakwater Capital Group purchased a new position in Tortoise Power and Energy Infrastructure Fund during the first quarter worth $204,000. Walleye Capital LLC purchased a new position in shares of Tortoise Power and Energy Infrastructure Fund during the 2nd quarter worth about $213,000. Finally, First Trust Advisors LP grew its stake in shares of Tortoise Power and Energy Infrastructure Fund by 19.4% during the third quarter. First Trust Advisors LP now owns 12,678 shares of the investment management company’s stock valued at $266,000 after buying an additional 2,059 shares during the last quarter.

Tortoise Power and Energy Infrastructure Fund Trading Up 0.0%

Shares of TPZ opened at $22.00 on Wednesday. The company has a 50-day moving average of $21.99 and a 200 day moving average of $21.84. Tortoise Power and Energy Infrastructure Fund, Inc. has a 1-year low of $19.93 and a 1-year high of $23.03.

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.