Sanctuary Advisors LLC Acquires New Shares in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)

Sanctuary Advisors LLC acquired a new stake in shares of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,064 shares of the investment management company’s stock, valued at approximately $258,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TPZ. Choreo LLC acquired a new position in Tortoise Power and Energy Infrastructure Fund during the 1st quarter valued at approximately $645,000. Envestnet Asset Management Inc. raised its stake in Tortoise Power and Energy Infrastructure Fund by 13.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 197,369 shares of the investment management company’s stock valued at $3,116,000 after acquiring an additional 23,673 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in Tortoise Power and Energy Infrastructure Fund during the 2nd quarter valued at $109,000. J.W. Cole Advisors Inc. raised its stake in Tortoise Power and Energy Infrastructure Fund by 7.8% during the 1st quarter. J.W. Cole Advisors Inc. now owns 13,367 shares of the investment management company’s stock valued at $208,000 after acquiring an additional 967 shares in the last quarter. Finally, Carmichael Hill & Associates Inc. raised its stake in Tortoise Power and Energy Infrastructure Fund by 3.4% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 21,429 shares of the investment management company’s stock valued at $338,000 after acquiring an additional 705 shares in the last quarter.

Tortoise Power and Energy Infrastructure Fund Stock Down 0.8 %

Shares of Tortoise Power and Energy Infrastructure Fund stock opened at $18.69 on Friday. The business’s fifty day moving average price is $18.22 and its two-hundred day moving average price is $16.57. Tortoise Power and Energy Infrastructure Fund, Inc. has a 1-year low of $13.14 and a 1-year high of $19.09.

Tortoise Power and Energy Infrastructure Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 24th will be paid a dividend of $0.105 per share. This represents a $1.26 annualized dividend and a yield of 6.74%. The ex-dividend date is Thursday, October 24th.

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.