1607 Capital Partners LLC acquired a new position in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 75,319 shares of the investment management company's stock, valued at approximately $1,511,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Sanctuary Advisors LLC lifted its stake in Tortoise Power and Energy Infrastructure Fund by 126.5% during the third quarter. Sanctuary Advisors LLC now owns 38,653 shares of the investment management company's stock worth $700,000 after purchasing an additional 21,589 shares during the last quarter. Harbor Investment Advisory LLC bought a new position in Tortoise Power and Energy Infrastructure Fund during the fourth quarter valued at approximately $27,000. Atomi Financial Group Inc. purchased a new position in shares of Tortoise Power and Energy Infrastructure Fund during the fourth quarter worth approximately $316,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Tortoise Power and Energy Infrastructure Fund in the 4th quarter valued at $568,000. Finally, D.A. Davidson & CO. lifted its stake in Tortoise Power and Energy Infrastructure Fund by 196.7% in the fourth quarter. D.A. Davidson & CO. now owns 108,308 shares of the investment management company's stock worth $2,173,000 after purchasing an additional 71,798 shares during the last quarter.
Tortoise Power and Energy Infrastructure Fund Stock Up 1.2 %
Shares of TPZ traded up $0.23 during trading hours on Friday, hitting $19.29. The company had a trading volume of 21,378 shares, compared to its average volume of 44,612. Tortoise Power and Energy Infrastructure Fund, Inc. has a 52-week low of $14.93 and a 52-week high of $22.30. The stock's 50 day moving average price is $20.14 and its 200 day moving average price is $20.11.
Tortoise Power and Energy Infrastructure Fund Cuts Dividend
The business also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 27th were given a $0.0679 dividend. The ex-dividend date was Thursday, February 27th. This represents a $0.81 annualized dividend and a yield of 4.22%.
Tortoise Power and Energy Infrastructure Fund Company Profile
(
Free Report)
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.
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