Bank of America Corp DE acquired a new stake in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 92,472 shares of the investment management company's stock, valued at approximately $1,855,000.
Several other hedge funds have also added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new stake in shares of Tortoise Power and Energy Infrastructure Fund during the fourth quarter worth about $47,000. Blue Bell Private Wealth Management LLC lifted its stake in Tortoise Power and Energy Infrastructure Fund by 2,266.8% in the fourth 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 during the fourth quarter worth approximately $205,000. Mariner LLC acquired a new position in shares of Tortoise Power and Energy Infrastructure Fund during the fourth quarter worth approximately $368,000. Finally, Concorde Asset Management LLC acquired a new position in shares of Tortoise Power and Energy Infrastructure Fund during the fourth quarter worth approximately $403,000.
Tortoise Power and Energy Infrastructure Fund Trading Up 0.1%
NYSE TPZ traded up $0.02 on Thursday, reaching $19.97. The company had a trading volume of 9,194 shares, compared to its average volume of 46,069. The company's fifty day moving average is $19.54 and its 200 day moving average is $20.28. Tortoise Power and Energy Infrastructure Fund, Inc. has a 52-week low of $15.10 and a 52-week high of $22.30.
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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