Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) Shares Purchased by Blue Bell Private Wealth Management LLC

Blue Bell Private Wealth Management LLC increased its holdings in shares of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZFree Report) by 242.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,400 shares of the investment management company’s stock after purchasing an additional 1,700 shares during the quarter. Blue Bell Private Wealth Management LLC’s holdings in Tortoise Power and Energy Infrastructure Fund were worth $37,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Saba Capital Management L.P. boosted its holdings in Tortoise Power and Energy Infrastructure Fund by 7.3% during the 3rd quarter. Saba Capital Management L.P. now owns 177,876 shares of the investment management company’s stock valued at $2,376,000 after acquiring an additional 12,105 shares during the period. Thomas J. Herzfeld Advisors Inc. boosted its holdings in Tortoise Power and Energy Infrastructure Fund by 14.5% during the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 208,471 shares of the investment management company’s stock valued at $2,785,000 after acquiring an additional 26,347 shares during the period. D.A. Davidson & CO. boosted its holdings in Tortoise Power and Energy Infrastructure Fund by 5.6% during the 3rd quarter. D.A. Davidson & CO. now owns 30,173 shares of the investment management company’s stock valued at $403,000 after acquiring an additional 1,599 shares during the period. J.W. Cole Advisors Inc. purchased a new position in Tortoise Power and Energy Infrastructure Fund during the 4th quarter valued at about $174,000. Finally, Bulldog Investors LLP boosted its holdings in Tortoise Power and Energy Infrastructure Fund by 72.7% during the 4th quarter. Bulldog Investors LLP now owns 303,410 shares of the investment management company’s stock valued at $4,221,000 after acquiring an additional 127,763 shares during the period.

Tortoise Power and Energy Infrastructure Fund Stock Performance

Tortoise Power and Energy Infrastructure Fund stock traded down $0.13 during midday trading on Wednesday, reaching $15.85. 4,455 shares of the stock traded hands, compared to its average volume of 10,017. The company has a 50-day simple moving average of $15.35 and a two-hundred day simple moving average of $14.48. Tortoise Power and Energy Infrastructure Fund, Inc. has a 12-month low of $12.45 and a 12-month high of $16.00.

Tortoise Power and Energy Infrastructure Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 24th will be issued a dividend of $0.105 per share. This represents a $1.26 dividend on an annualized basis and a yield of 7.95%. The ex-dividend date is Thursday, May 23rd.

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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Institutional Ownership by Quarter for Tortoise Power and Energy Infrastructure Fund (NYSE:TPZ)

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