1,332 Shares in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) Purchased by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC acquired a new position in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,332 shares of the investment management company’s stock, valued at approximately $27,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Sanctuary Advisors LLC boosted its position in shares of Tortoise Power and Energy Infrastructure Fund by 126.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 38,653 shares of the investment management company’s stock worth $700,000 after buying an additional 21,589 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in Tortoise Power and Energy Infrastructure Fund in the 3rd quarter valued at about $13,071,000. Quarry LP acquired a new position in Tortoise Power and Energy Infrastructure Fund in the 3rd quarter valued at about $335,000. Advisors Asset Management Inc. acquired a new position in Tortoise Power and Energy Infrastructure Fund in the 3rd quarter valued at about $1,186,000. Finally, Envestnet Asset Management Inc. raised its stake in Tortoise Power and Energy Infrastructure Fund by 13.6% in 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 purchasing an additional 23,673 shares during the last quarter.

Insider Activity at Tortoise Power and Energy Infrastructure Fund

In related news, major shareholder Saba Capital Management, L.P. acquired 347,278 shares of the company’s stock in a transaction dated Tuesday, December 24th. The stock was bought at an average price of $13.78 per share, with a total value of $4,785,490.84. Following the purchase, the insider now directly owns 1,011,234 shares in the company, valued at $13,934,804.52. The trade was a 52.30 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Tortoise Power and Energy Infrastructure Fund Price Performance

Shares of TPZ stock opened at $21.89 on Thursday. The firm has a 50-day moving average price of $20.52 and a 200 day moving average price of $18.82. Tortoise Power and Energy Infrastructure Fund, Inc. has a twelve month low of $13.79 and a twelve month high of $22.30.

Tortoise Power and Energy Infrastructure Fund Dividend Announcement

The company also recently announced a — dividend, which was paid on Thursday, January 2nd. Investors of record on Tuesday, December 31st were paid a $0.0252 dividend. The ex-dividend date was Tuesday, December 31st.

Tortoise Power and Energy Infrastructure Fund 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.