Tortoise Power and Energy Infrastructure Fund (NYSE:TPZ) Stock Price Passes Above 50 Day Moving Average of $15.00

Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $15.00 and traded as high as $15.12. Tortoise Power and Energy Infrastructure Fund shares last traded at $15.11, with a volume of 6,915 shares traded.

Tortoise Power and Energy Infrastructure Fund Trading Up 1.6 %

The firm has a fifty day moving average price of $15.00 and a 200-day moving average price of $14.15.

Tortoise Power and Energy Infrastructure Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 23rd will be issued a dividend of $0.105 per share. This represents a $1.26 annualized dividend and a dividend yield of 8.34%. The ex-dividend date of this dividend is Monday, April 22nd.

Institutional Trading of Tortoise Power and Energy Infrastructure Fund

Several large investors have recently modified their holdings of the stock. D.A. Davidson & CO. grew its holdings in shares of 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 worth $403,000 after purchasing an additional 1,599 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in Tortoise Power and Energy Infrastructure Fund by 1.2% in the first quarter. Rockefeller Capital Management L.P. now owns 147,192 shares of the investment management company’s stock valued at $1,891,000 after buying an additional 1,775 shares in the last quarter. Royal Bank of Canada boosted its stake in Tortoise Power and Energy Infrastructure Fund by 11.2% in the third quarter. Royal Bank of Canada now owns 22,057 shares of the investment management company’s stock valued at $295,000 after buying an additional 2,219 shares in the last quarter. UBS Group AG boosted its stake in Tortoise Power and Energy Infrastructure Fund by 5.6% in the second quarter. UBS Group AG now owns 62,895 shares of the investment management company’s stock valued at $787,000 after buying an additional 3,353 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Tortoise Power and Energy Infrastructure Fund by 11.2% in the second quarter. Wells Fargo & Company MN now owns 35,976 shares of the investment management company’s stock valued at $475,000 after buying an additional 3,636 shares in the last quarter.

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.