D.A. Davidson & CO. boosted its holdings in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ - Free Report) by 14.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 124,168 shares of the investment management company's stock after buying an additional 15,860 shares during the quarter. D.A. Davidson & CO. owned approximately 1.58% of Tortoise Power and Energy Infrastructure Fund worth $2,564,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Almitas Capital LLC lifted its position in Tortoise Power and Energy Infrastructure Fund by 873.4% in the fourth quarter. Almitas Capital LLC now owns 576,065 shares of the investment management company's stock valued at $11,559,000 after acquiring an additional 516,883 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Tortoise Power and Energy Infrastructure Fund in the 4th quarter valued at about $7,046,000. Bulldog Investors LLP boosted its position in shares of Tortoise Power and Energy Infrastructure Fund by 111.6% in the 4th quarter. Bulldog Investors LLP now owns 582,674 shares of the investment management company's stock valued at $11,745,000 after purchasing an additional 307,283 shares during the period. Aristides Capital LLC grew its stake in Tortoise Power and Energy Infrastructure Fund by 1,652.8% during the 4th quarter. Aristides Capital LLC now owns 317,062 shares of the investment management company's stock worth $6,362,000 after buying an additional 298,973 shares during the last quarter. Finally, Yakira Capital Management Inc. increased its position in Tortoise Power and Energy Infrastructure Fund by 568.5% during the fourth quarter. Yakira Capital Management Inc. now owns 315,711 shares of the investment management company's stock worth $6,335,000 after buying an additional 268,485 shares during the period.
Tortoise Power and Energy Infrastructure Fund Price Performance
Shares of TPZ stock traded down $0.03 during trading hours on Monday, hitting $20.24. The stock had a trading volume of 17,344 shares, compared to its average volume of 46,551. The stock's 50 day moving average is $19.96 and its 200 day moving average is $20.25. Tortoise Power and Energy Infrastructure Fund, Inc. has a twelve month low of $15.69 and a twelve month 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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