Wellington Management Group LLP Sells 165,540 Shares of NET Power Inc. (NYSE:NPWR)

Wellington Management Group LLP lowered its stake in NET Power Inc. (NYSE:NPWR) by 47.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 182,646 shares of the company’s stock after selling 165,540 shares during the period. Wellington Management Group LLP owned 0.26% of NET Power worth $2,758,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in NPWR. PNC Financial Services Group Inc. bought a new stake in shares of NET Power during the 2nd quarter valued at $26,000. Royal Bank of Canada bought a new stake in shares of NET Power during the 2nd quarter valued at $32,000. Smithfield Trust Co boosted its holdings in shares of NET Power by 34.6% during the 3rd quarter. Smithfield Trust Co now owns 15,474 shares of the company’s stock valued at $233,000 after buying an additional 3,974 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of NET Power by 10.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 43,931 shares of the company’s stock valued at $663,000 after buying an additional 4,232 shares in the last quarter. Finally, UBS Group AG bought a new stake in shares of NET Power during the 3rd quarter valued at $75,000. Institutional investors own 53.62% of the company’s stock.

NET Power Stock Performance

Shares of NPWR stock opened at $11.67 on Thursday. NET Power Inc. has a 12 month low of $7.55 and a 12 month high of $17.62. The company’s fifty day moving average price is $8.89 and its 200-day moving average price is $11.03.

About NET Power

NET Power Inc operates as a clean energy technology company. It invents, develops, and licenses clean power generation technology. The company was founded in 2010 and is headquartered in Durham, North Carolina.