Advisors Asset Management Inc. Takes Position in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)

Advisors Asset Management Inc. acquired a new position in shares of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 65,502 shares of the investment management company’s stock, valued at approximately $1,186,000.

Several other large investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its position in shares of Tortoise Power and Energy Infrastructure Fund by 13.6% during the second quarter. Envestnet Asset Management Inc. now owns 197,369 shares of the investment management company’s stock worth $3,116,000 after purchasing an additional 23,673 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Tortoise Power and Energy Infrastructure Fund during the 2nd quarter valued at about $258,000. Wolverine Asset Management LLC purchased a new stake in Tortoise Power and Energy Infrastructure Fund in the second quarter valued at about $109,000. Choreo LLC boosted its holdings in Tortoise Power and Energy Infrastructure Fund by 7.7% in the second quarter. Choreo LLC now owns 44,574 shares of the investment management company’s stock worth $702,000 after acquiring an additional 3,169 shares in the last quarter. Finally, Carmichael Hill & Associates Inc. grew its stake in shares of Tortoise Power and Energy Infrastructure Fund by 3.4% during the second quarter. Carmichael Hill & Associates Inc. now owns 21,429 shares of the investment management company’s stock worth $338,000 after acquiring an additional 705 shares during the last quarter.

Tortoise Power and Energy Infrastructure Fund Stock Performance

TPZ opened at $20.54 on Tuesday. The firm’s 50-day moving average price is $18.95 and its 200-day moving average price is $17.33. Tortoise Power and Energy Infrastructure Fund, Inc. has a 52-week low of $13.29 and a 52-week high of $20.96.

Tortoise Power and Energy Infrastructure Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.105 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $1.26 dividend on an annualized basis and a yield of 6.13%.

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.