Yakira Capital Management Inc. increased its position in shares of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ - Free Report) by 568.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 315,711 shares of the investment management company's stock after acquiring an additional 268,485 shares during the quarter. Tortoise Power and Energy Infrastructure Fund comprises approximately 2.3% of Yakira Capital Management Inc.'s investment portfolio, making the stock its 11th biggest holding. Yakira Capital Management Inc.'s holdings in Tortoise Power and Energy Infrastructure Fund were worth $6,335,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Harbor Investment Advisory LLC bought a new position in shares of Tortoise Power and Energy Infrastructure Fund in the fourth quarter valued at $27,000. JPMorgan Chase & Co. acquired a new stake in Tortoise Power and Energy Infrastructure Fund in the 4th quarter valued at about $47,000. Blue Bell Private Wealth Management LLC grew its holdings in 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 during the period. Sanctuary Advisors LLC increased its position in 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 worth $982,000 after buying an additional 7,480 shares during the last quarter. Finally, Atomi Financial Group Inc. bought a new stake in Tortoise Power and Energy Infrastructure Fund in the fourth quarter valued at approximately $316,000.
Tortoise Power and Energy Infrastructure Fund Stock Performance
Shares of NYSE TPZ traded up $0.15 during midday trading on Friday, hitting $18.50. 16,293 shares of the company's stock were exchanged, compared to its average volume of 43,556. The company's 50 day moving average price is $20.39 and its 200 day moving average price is $20.09. Tortoise Power and Energy Infrastructure Fund, Inc. has a 12 month low of $14.70 and a 12 month high of $22.30.
Tortoise Power and Energy Infrastructure Fund Cuts Dividend
The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 27th were paid a $0.0679 dividend. The ex-dividend date was Thursday, February 27th. This represents a $0.81 dividend on an annualized basis and a yield of 4.40%.
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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