Bank of America Corp DE Purchases Shares of 92,472 Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)

Bank of America Corp DE acquired a new position in shares of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 92,472 shares of the investment management company's stock, valued at approximately $1,855,000.

A number of other large investors also recently modified their holdings of TPZ. Almitas Capital LLC boosted its stake in shares of Tortoise Power and Energy Infrastructure Fund by 873.4% during the 4th quarter. Almitas Capital LLC now owns 576,065 shares of the investment management company's stock worth $11,559,000 after buying an additional 516,883 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Tortoise Power and Energy Infrastructure Fund in the 4th quarter valued at about $7,046,000. Aristides Capital LLC raised its holdings in shares of Tortoise Power and Energy Infrastructure Fund by 1,652.8% in the 4th quarter. Aristides Capital LLC now owns 317,062 shares of the investment management company's stock valued at $6,362,000 after purchasing an additional 298,973 shares during the period. Bard Associates Inc. raised its holdings in shares of Tortoise Power and Energy Infrastructure Fund by 134.3% in the 4th quarter. Bard Associates Inc. now owns 473,321 shares of the investment management company's stock valued at $9,509,000 after purchasing an additional 271,266 shares during the period. Finally, Yakira Capital Management Inc. raised its holdings in shares of Tortoise Power and Energy Infrastructure Fund by 568.5% in the 4th quarter. Yakira Capital Management Inc. now owns 315,711 shares of the investment management company's stock valued at $6,335,000 after purchasing an additional 268,485 shares during the period.

Tortoise Power and Energy Infrastructure Fund Stock Up 0.8%

Shares of TPZ stock traded up $0.17 on Friday, reaching $20.14. The stock had a trading volume of 10,652 shares, compared to its average volume of 46,205. The firm's 50-day moving average is $19.51 and its two-hundred day moving average is $20.28. Tortoise Power and Energy Infrastructure Fund, Inc. has a 12 month low of $15.10 and a 12 month high of $22.30.

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.