Sanctuary Advisors LLC Boosts Stake in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)

Sanctuary Advisors LLC boosted its stake in shares of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) by 126.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,653 shares of the investment management company’s stock after purchasing an additional 21,589 shares during the period. Sanctuary Advisors LLC’s holdings in Tortoise Power and Energy Infrastructure Fund were worth $700,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Kovitz Investment Group Partners LLC purchased a new position in shares of Tortoise Power and Energy Infrastructure Fund during the 3rd quarter valued at about $13,071,000. Advisors Asset Management Inc. purchased a new position in Tortoise Power and Energy Infrastructure Fund during the third quarter valued at approximately $1,186,000. Envestnet Asset Management Inc. lifted its holdings in 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 valued at $3,116,000 after purchasing an additional 23,673 shares in the last quarter. Quarry LP bought a new position in shares of Tortoise Power and Energy Infrastructure Fund in the third quarter worth approximately $335,000. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Tortoise Power and Energy Infrastructure Fund in the second quarter worth $109,000.

Tortoise Power and Energy Infrastructure Fund Stock Performance

TPZ opened at $20.00 on Tuesday. The firm’s fifty day moving average is $19.73 and its 200 day moving average is $18.03. Tortoise Power and Energy Infrastructure Fund, Inc. has a fifty-two week low of $13.79 and a fifty-two week high of $20.99.

Tortoise Power and Energy Infrastructure Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 22nd were given a $0.105 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $1.26 annualized dividend and a dividend yield of 6.30%.

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.