Kovitz Investment Group Partners LLC reduced its holdings in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 702,060 shares of the investment management company's stock after selling 23,618 shares during the period. Kovitz Investment Group Partners LLC's holdings in Tortoise Power and Energy Infrastructure Fund were worth $14,087,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Harbor Investment Advisory LLC acquired a new stake in Tortoise Power and Energy Infrastructure Fund in the 4th quarter valued at $27,000. JPMorgan Chase & Co. acquired a new stake in shares of Tortoise Power and Energy Infrastructure Fund in the fourth quarter valued at about $47,000. Blue Bell Private Wealth Management LLC increased its stake in shares of Tortoise Power and Energy Infrastructure Fund by 2,266.8% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 6,414 shares of the investment management company's stock worth $129,000 after purchasing an additional 6,143 shares in the last quarter. Cerity Partners LLC purchased a new stake in shares of Tortoise Power and Energy Infrastructure Fund during the fourth quarter worth about $205,000. Finally, Atomi Financial Group Inc. acquired a new position in shares of Tortoise Power and Energy Infrastructure Fund during the 4th quarter worth about $316,000.
Tortoise Power and Energy Infrastructure Fund Trading Down 0.3 %
TPZ stock traded down $0.06 during trading on Tuesday, hitting $19.61. The stock had a trading volume of 39,114 shares, compared to its average volume of 44,964. Tortoise Power and Energy Infrastructure Fund, Inc. has a twelve month low of $14.93 and a twelve month high of $22.30. The company's 50-day moving average price is $19.89 and its two-hundred day moving average price is $20.16.
Tortoise Power and Energy Infrastructure Fund Cuts Dividend
The company also recently declared a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 27th were paid a $0.0679 dividend. This represents a $0.81 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date was Thursday, February 27th.
About Tortoise Power and Energy Infrastructure Fund
(
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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