Tortoise Power & Energy Infrstrct Fd Inc (NYSE:TPZ) Shares Sold by Montag A & Associates Inc.

Montag A & Associates Inc. cut its stake in Tortoise Power & Energy Infrstrct Fd Inc (NYSE:TPZ) by 10.5% in the third quarter, Holdings Channel reports. The fund owned 19,678 shares of the investment management company’s stock after selling 2,300 shares during the period. Montag A & Associates Inc.’s holdings in Tortoise Power & Energy Infrstrct Fd were worth $354,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of TPZ. Atria Investments LLC acquired a new stake in shares of Tortoise Power & Energy Infrstrct Fd in the 2nd quarter worth $398,000. Envestnet Asset Management Inc. increased its stake in shares of Tortoise Power & Energy Infrstrct Fd by 17.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 28,416 shares of the investment management company’s stock worth $521,000 after acquiring an additional 4,160 shares during the last quarter. Invesco Ltd. acquired a new stake in shares of Tortoise Power & Energy Infrstrct Fd in the 2nd quarter worth $538,000. Kayne Anderson Capital Advisors LP increased its stake in shares of Tortoise Power & Energy Infrstrct Fd by 276.0% in the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 37,600 shares of the investment management company’s stock worth $688,000 after acquiring an additional 27,600 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new stake in shares of Tortoise Power & Energy Infrstrct Fd in the 2nd quarter worth $688,000.

Shares of NYSE:TPZ traded down $0.13 during midday trading on Friday, reaching $16.73. 13,827 shares of the company’s stock were exchanged, compared to its average volume of 21,150. The firm’s 50 day simple moving average is $17.51 and its two-hundred day simple moving average is $18.12. Tortoise Power & Energy Infrstrct Fd Inc has a fifty-two week low of $14.77 and a fifty-two week high of $19.69.

Tortoise Power & Energy Infrstrct Fd 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.

Further Reading: Stock Symbols and CUSIP Explained

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Institutional Ownership by Quarter for Tortoise Power & Energy Infrstrct Fd (NYSE:TPZ)

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