Jane Street Group LLC Makes New Investment in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)

Jane Street Group LLC acquired a new stake in shares of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 351,151 shares of the investment management company's stock, valued at approximately $7,046,000.

Other institutional investors also recently modified their holdings of the company. Harbor Investment Advisory LLC purchased a new stake in Tortoise Power and Energy Infrastructure Fund in the 4th quarter valued at $27,000. JPMorgan Chase & Co. purchased a new position in Tortoise Power and Energy Infrastructure Fund in the fourth quarter worth $47,000. Blue Bell Private Wealth Management LLC grew its stake 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 period. Sanctuary Advisors LLC increased its position in shares of Tortoise Power and Energy Infrastructure Fund by 19.4% during the 4th quarter. Sanctuary Advisors LLC now owns 46,133 shares of the investment management company's stock valued at $982,000 after purchasing an additional 7,480 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in shares of Tortoise Power and Energy Infrastructure Fund by 10.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 108,003 shares of the investment management company's stock valued at $2,167,000 after acquiring an additional 10,153 shares during the period.

Tortoise Power and Energy Infrastructure Fund Price Performance

NYSE TPZ traded down $0.05 on Wednesday, hitting $19.82. 7,052 shares of the stock traded hands, compared to its average volume of 45,448. The business's fifty day moving average is $19.72 and its two-hundred day moving average is $20.22. Tortoise Power and Energy Infrastructure Fund, Inc. has a 12 month low of $15.10 and a 12 month high of $22.30.

Tortoise Power and Energy Infrastructure Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 27th were paid a dividend of $0.0679 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.81 annualized dividend and a yield of 4.11%.

Tortoise Power and Energy Infrastructure Fund 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.