LPL Financial LLC grew its holdings in shares of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ - Free Report) by 628.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 97,849 shares of the investment management company's stock after purchasing an additional 84,417 shares during the period. LPL Financial LLC's holdings in Tortoise Power and Energy Infrastructure Fund were worth $1,963,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in TPZ. Allspring Global Investments Holdings LLC purchased a new position in Tortoise Power and Energy Infrastructure Fund in the fourth quarter valued at about $568,000. Commonwealth Equity Services LLC bought a new stake in shares of Tortoise Power and Energy Infrastructure Fund in the fourth quarter valued at approximately $2,907,000. Sanctuary Advisors LLC raised its position in shares of Tortoise Power and Energy Infrastructure Fund by 19.4% during the fourth quarter. Sanctuary Advisors LLC now owns 46,133 shares of the investment management company's stock valued at $982,000 after buying an additional 7,480 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its position in shares of Tortoise Power and Energy Infrastructure Fund by 2,266.8% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 6,414 shares of the investment management company's stock worth $129,000 after acquiring an additional 6,143 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in Tortoise Power and Energy Infrastructure Fund by 86.2% in the 4th quarter. Advisors Asset Management Inc. now owns 121,955 shares of the investment management company's stock valued at $2,447,000 after buying an additional 56,453 shares during the period.
Tortoise Power and Energy Infrastructure Fund Price Performance
TPZ stock traded up $0.23 during trading on Friday, hitting $19.29. The company had a trading volume of 21,378 shares, compared to its average volume of 44,472. Tortoise Power and Energy Infrastructure Fund, Inc. has a fifty-two week low of $14.79 and a fifty-two week high of $22.30. The company has a fifty day moving average price of $20.17 and a two-hundred day moving average price of $20.10.
Tortoise Power and Energy Infrastructure Fund Cuts Dividend
The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 27th were given a dividend of $0.0679 per share. The ex-dividend date was Thursday, February 27th. This represents a $0.81 dividend on an annualized basis and a yield of 4.22%.
Tortoise Power and Energy Infrastructure Fund 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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