Css LLC Il Acquires 154,954 Shares of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)

Css LLC Il lifted its holdings in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) by 970.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 170,928 shares of the investment management company’s stock after buying an additional 154,954 shares during the quarter. Css LLC Il’s holdings in Tortoise Power and Energy Infrastructure Fund were worth $3,430,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Bulldog Investors LLP raised its stake 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. Almitas Capital LLC boosted its position in shares of Tortoise Power and Energy Infrastructure Fund by 873.4% during the fourth quarter. Almitas Capital LLC now owns 576,065 shares of the investment management company’s stock worth $11,559,000 after buying an additional 516,883 shares during the period. Bard Associates Inc. grew its holdings in shares of Tortoise Power and Energy Infrastructure Fund by 134.3% during the fourth quarter. Bard Associates Inc. now owns 473,321 shares of the investment management company’s stock worth $9,509,000 after buying an additional 271,266 shares in the last quarter. Jane Street Group LLC acquired a new stake in Tortoise Power and Energy Infrastructure Fund in the 4th quarter valued at approximately $7,046,000. Finally, Aristides Capital LLC raised its position in Tortoise Power and Energy Infrastructure Fund by 1,652.8% in the 4th quarter. Aristides Capital LLC now owns 317,062 shares of the investment management company’s stock valued at $6,362,000 after buying an additional 298,973 shares during the last quarter.

Tortoise Power and Energy Infrastructure Fund Stock Up 0.1%

NYSE:TPZ opened at $20.07 on Wednesday. Tortoise Power and Energy Infrastructure Fund, Inc. has a twelve month low of $15.10 and a twelve month high of $22.30. The business has a 50 day moving average price of $19.73 and a two-hundred day moving average price of $20.27.

Tortoise Power and Energy Infrastructure Fund Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 27th were issued a dividend of $0.0679 per share. This represents a $0.81 annualized dividend and a yield of 4.06%. The ex-dividend date was Thursday, February 27th.

About Tortoise Power and Energy Infrastructure Fund

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.