Saba Capital Management L.P. trimmed its holdings in shares of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ - Free Report) by 95.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,234 shares of the investment management company's stock after selling 216,492 shares during the quarter. Saba Capital Management L.P.'s holdings in Tortoise Power and Energy Infrastructure Fund were worth $225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also bought and sold shares of the stock. Harbor Investment Advisory LLC purchased a new stake in Tortoise Power and Energy Infrastructure Fund in the 4th quarter worth $27,000. JPMorgan Chase & Co. acquired a new position in shares of Tortoise Power and Energy Infrastructure Fund in the 4th quarter valued at $47,000. Blue Bell Private Wealth Management LLC raised 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 purchasing an additional 6,143 shares during the last quarter. Cerity Partners LLC acquired a new position in shares of Tortoise Power and Energy Infrastructure Fund during the fourth quarter worth about $205,000. Finally, Beverly Hills Private Wealth LLC purchased a new position in Tortoise Power and Energy Infrastructure Fund in the 4th quarter valued at approximately $207,000.
Tortoise Power and Energy Infrastructure Fund Stock Up 0.3%
NYSE TPZ traded up $0.06 during mid-day trading on Friday, reaching $19.76. 12,533 shares of the stock were exchanged, compared to its average volume of 45,744. The business's fifty day simple moving average is $19.70 and its 200 day simple moving average is $20.27. 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 business also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 27th were given a $0.0679 dividend. This represents a $0.81 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend was Thursday, February 27th.
Tortoise Power and Energy Infrastructure Fund Company Profile
(
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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