Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) Shares Purchased by Bulldog Investors LLP

Bulldog Investors LLP increased its position in shares of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ - Free Report) by 111.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 582,674 shares of the investment management company's stock after acquiring an additional 307,283 shares during the period. Tortoise Power and Energy Infrastructure Fund comprises 3.2% of Bulldog Investors LLP's investment portfolio, making the stock its 5th biggest position. Bulldog Investors LLP's holdings in Tortoise Power and Energy Infrastructure Fund were worth $11,745,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TPZ. Harbor Investment Advisory LLC acquired a new stake in shares of Tortoise Power and Energy Infrastructure Fund during the fourth quarter worth about $27,000. JPMorgan Chase & Co. acquired a new stake in Tortoise Power and Energy Infrastructure Fund during the 4th quarter worth approximately $47,000. Blue Bell Private Wealth Management LLC boosted its position in 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 valued at $129,000 after buying an additional 6,143 shares during the period. Cerity Partners LLC acquired a new position in shares of Tortoise Power and Energy Infrastructure Fund in the fourth quarter worth $205,000. Finally, Beverly Hills Private Wealth LLC purchased a new stake in shares of Tortoise Power and Energy Infrastructure Fund during the fourth quarter worth $207,000.

Tortoise Power and Energy Infrastructure Fund Trading Up 0.1 %

NYSE:TPZ traded up $0.02 during midday trading on Friday, reaching $19.58. The company had a trading volume of 12,186 shares, compared to its average volume of 45,344. The stock's fifty day simple moving average is $19.72 and its 200-day simple moving average is $20.20. Tortoise Power and Energy Infrastructure Fund, Inc. has a 12-month low of $15.10 and a 12-month high of $22.30.

Tortoise Power and Energy Infrastructure Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 27th were paid a $0.0679 dividend. This represents a $0.81 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend was Thursday, February 27th.

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.