Css LLC Il Has $3.43 Million Holdings in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)

CSS LLC IL lifted its position in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ - Free Report) by 970.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 170,928 shares of the investment management company's stock after buying an additional 154,954 shares during the period. CSS LLC IL's holdings in Tortoise Power and Energy Infrastructure Fund were worth $3,430,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Harbor Investment Advisory LLC bought a new position in shares of Tortoise Power and Energy Infrastructure Fund in the fourth quarter valued at $27,000. JPMorgan Chase & Co. acquired a new position in shares of Tortoise Power and Energy Infrastructure Fund in the 4th quarter worth $47,000. Blue Bell Private Wealth Management LLC raised its position in shares of Tortoise Power and Energy Infrastructure Fund by 2,266.8% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 6,414 shares of the investment management company's stock worth $129,000 after purchasing an additional 6,143 shares during the period. Cerity Partners LLC acquired a new stake in shares of Tortoise Power and Energy Infrastructure Fund during 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 valued at $207,000.

Tortoise Power and Energy Infrastructure Fund Trading Up 1.2%

Shares of NYSE:TPZ traded up $0.23 during midday trading on Monday, reaching $19.93. The company had a trading volume of 20,192 shares, compared to its average volume of 46,069. The company has a fifty day simple moving average of $19.69 and a two-hundred day simple moving average of $20.29. Tortoise Power and Energy Infrastructure Fund, Inc. has a 1-year low of $15.10 and a 1-year high of $22.30.

Tortoise Power and Energy Infrastructure Fund Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 27th were issued a dividend of $0.0679 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.81 dividend on an annualized basis and a dividend yield of 4.09%.

Tortoise Power and Energy Infrastructure Fund Company 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.