1607 Capital Partners LLC acquired a new position in shares of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 75,319 shares of the investment management company's stock, valued at approximately $1,511,000.
Other institutional investors also recently modified their holdings of the company. Mariner LLC purchased a new stake in shares of Tortoise Power and Energy Infrastructure Fund during the 4th quarter valued at $368,000. Rockefeller Capital Management L.P. raised its stake in shares of Tortoise Power and Energy Infrastructure Fund by 10.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 108,003 shares of the investment management company's stock worth $2,167,000 after acquiring an additional 10,153 shares in the last quarter. Concorde Asset Management LLC bought a new stake in shares of Tortoise Power and Energy Infrastructure Fund in the 4th quarter worth approximately $403,000. Bank of Montreal Can purchased a new stake in shares of Tortoise Power and Energy Infrastructure Fund in the 4th quarter valued at $1,183,000. Finally, Cerity Partners LLC bought a new position in shares of Tortoise Power and Energy Infrastructure Fund during the 4th quarter valued at $205,000.
Tortoise Power and Energy Infrastructure Fund Stock Performance
NYSE TPZ traded down $0.45 during trading on Monday, hitting $18.84. 7,593 shares of the company's stock traded hands, compared to its average volume of 44,627. The stock has a fifty day moving average of $20.14 and a two-hundred day moving average of $20.13. Tortoise Power and Energy Infrastructure Fund, Inc. has a 12-month low of $14.93 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. Shareholders of record on Thursday, February 27th were paid a $0.0679 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.81 dividend on an annualized basis and a yield of 4.32%.
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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