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18,331 Shares in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) Bought by Mariner LLC

Tortoise Power and Energy Infrastructure Fund logo with Financial Services background

Mariner LLC acquired a new stake in shares of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 18,331 shares of the investment management company's stock, valued at approximately $368,000.

Other hedge funds have 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 during the fourth quarter valued at about $27,000. JPMorgan Chase & Co. bought a new position in shares of Tortoise Power and Energy Infrastructure Fund during the 4th quarter worth approximately $47,000. Blue Bell Private Wealth Management LLC boosted its stake 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 buying an additional 6,143 shares during the last quarter. Cerity Partners LLC bought a new position in shares of Tortoise Power and Energy Infrastructure Fund in the fourth quarter valued at approximately $205,000. Finally, Atomi Financial Group Inc. purchased a new stake in shares of Tortoise Power and Energy Infrastructure Fund during the fourth quarter valued at approximately $316,000.

Tortoise Power and Energy Infrastructure Fund Price Performance

TPZ stock opened at $19.60 on Friday. The stock's fifty day simple moving average is $19.82 and its two-hundred day simple moving average is $20.18. Tortoise Power and Energy Infrastructure Fund, Inc. has a 1-year low of $15.10 and a 1-year 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 given a dividend of $0.0679 per share. The ex-dividend date was Thursday, February 27th. This represents a $0.81 annualized dividend and a yield of 4.15%.

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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Want to see what other hedge funds are holding TPZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ - Free Report).

Institutional Ownership by Quarter for Tortoise Power and Energy Infrastructure Fund (NYSE:TPZ)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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