Aristides Capital LLC Increases Position in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)

Aristides Capital LLC boosted its holdings in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ - Free Report) by 1,652.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 317,062 shares of the investment management company's stock after purchasing an additional 298,973 shares during the quarter. Tortoise Power and Energy Infrastructure Fund comprises 1.3% of Aristides Capital LLC's investment portfolio, making the stock its 13th largest holding. Aristides Capital LLC's holdings in Tortoise Power and Energy Infrastructure Fund were worth $6,362,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Wells Fargo & Company MN increased its stake in Tortoise Power and Energy Infrastructure Fund by 85.8% in the fourth quarter. Wells Fargo & Company MN now owns 71,872 shares of the investment management company's stock valued at $1,442,000 after purchasing an additional 33,185 shares during the period. JPMorgan Chase & Co. acquired a new position in Tortoise Power and Energy Infrastructure Fund in the 4th quarter valued at about $47,000. LPL Financial LLC raised its stake in Tortoise Power and Energy Infrastructure Fund by 628.5% during the 4th quarter. LPL Financial LLC now owns 97,849 shares of the investment management company's stock valued at $1,963,000 after acquiring an additional 84,417 shares during the last quarter. Advisors Asset Management Inc. lifted its position in Tortoise Power and Energy Infrastructure Fund by 86.2% during the 4th quarter. Advisors Asset Management Inc. now owns 121,955 shares of the investment management company's stock worth $2,447,000 after acquiring an additional 56,453 shares during the period. Finally, Commonwealth Equity Services LLC purchased a new position in shares of Tortoise Power and Energy Infrastructure Fund in the 4th quarter valued at approximately $2,907,000.

Tortoise Power and Energy Infrastructure Fund Price Performance

Shares of Tortoise Power and Energy Infrastructure Fund stock traded up $0.15 during trading hours on Friday, hitting $18.50. 16,293 shares of the company were exchanged, compared to its average volume of 43,556. The business has a 50-day moving average of $20.39 and a 200-day moving average of $20.09. Tortoise Power and Energy Infrastructure Fund, Inc. has a 1 year low of $14.70 and a 1 year high of $22.30.

Tortoise Power and Energy Infrastructure Fund Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 27th were issued a $0.0679 dividend. This represents a $0.81 annualized dividend and a dividend yield of 4.40%. The ex-dividend date was Thursday, February 27th.

About Tortoise Power and Energy Infrastructure Fund

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.