Tortoise Power & Energy Infrstrct Fd (TPZ) Sets New 1-Year Low at $17.01

Tortoise Power & Energy Infrstrct Fd Inc (NYSE:TPZ) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $17.01 and last traded at $17.10, with a volume of 139 shares. The stock had previously closed at $17.40.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Thursday, February 21st will be issued a dividend of $0.125 per share. The ex-dividend date is Wednesday, February 20th. This represents a $1.50 annualized dividend and a yield of 8.78%.

A number of hedge funds have recently bought and sold shares of TPZ. Advisors Asset Management Inc. increased its holdings in Tortoise Power & Energy Infrstrct Fd by 79.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 423,162 shares of the investment management company’s stock worth $5,780,000 after purchasing an additional 187,258 shares during the last quarter. Montag A & Associates Inc. purchased a new stake in Tortoise Power & Energy Infrstrct Fd during the 3rd quarter worth approximately $1,148,000. First Republic Investment Management Inc. purchased a new stake in Tortoise Power & Energy Infrstrct Fd during the 2nd quarter worth approximately $616,000. Boulegeris Investments Inc. increased its holdings in Tortoise Power & Energy Infrstrct Fd by 10.2% during the 2nd quarter. Boulegeris Investments Inc. now owns 113,353 shares of the investment management company’s stock worth $2,136,000 after purchasing an additional 10,453 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in Tortoise Power & Energy Infrstrct Fd by 5.6% during the 2nd quarter. First Trust Advisors LP now owns 156,196 shares of the investment management company’s stock worth $2,943,000 after purchasing an additional 8,214 shares during the last quarter.

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About Tortoise Power & Energy Infrstrct Fd (NYSE:TPZ)

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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