Mariner LLC Takes Position in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)

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

Several other institutional investors and hedge funds have also modified their holdings of TPZ. Harbor Investment Advisory LLC bought a new position in shares of Tortoise Power and Energy Infrastructure Fund in the fourth quarter valued at approximately $27,000. Atomi Financial Group Inc. bought a new stake in shares of Tortoise Power and Energy Infrastructure Fund in the 4th quarter valued at approximately $316,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Tortoise Power and Energy Infrastructure Fund in the 4th quarter worth approximately $568,000. Sanctuary Advisors LLC boosted its stake in Tortoise Power and Energy Infrastructure Fund by 19.4% in the 4th 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 in the last quarter. Finally, D.A. Davidson & CO. grew its position in Tortoise Power and Energy Infrastructure Fund by 196.7% in the fourth quarter. D.A. Davidson & CO. now owns 108,308 shares of the investment management company's stock valued at $2,173,000 after acquiring an additional 71,798 shares during the period.

Tortoise Power and Energy Infrastructure Fund Stock Performance

Shares of NYSE TPZ traded up $0.03 during mid-day trading on Friday, hitting $19.59. 4,822 shares of the stock were exchanged, compared to its average volume of 45,075. The stock's fifty day simple moving average is $19.74 and its two-hundred day simple moving average is $20.19. Tortoise Power and Energy Infrastructure Fund, Inc. has a twelve month low of $15.10 and a twelve 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. Stockholders of record on Thursday, February 27th were given a $0.0679 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.81 annualized dividend and a dividend yield of 4.16%.

Tortoise Power and Energy Infrastructure Fund Profile

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.