Quarry LP Takes Position in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)

Quarry LP purchased a new stake in shares of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 18,513 shares of the investment management company’s stock, valued at approximately $335,000.

A number of other hedge funds have also recently made changes to their positions in the company. Carmichael Hill & Associates Inc. grew its position in Tortoise Power and Energy Infrastructure Fund by 3.4% in the second quarter. Carmichael Hill & Associates Inc. now owns 21,429 shares of the investment management company’s stock worth $338,000 after acquiring an additional 705 shares in the last quarter. Choreo LLC grew its position in Tortoise Power and Energy Infrastructure Fund by 7.7% in the second quarter. Choreo LLC now owns 44,574 shares of the investment management company’s stock worth $702,000 after acquiring an additional 3,169 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in Tortoise Power and Energy Infrastructure Fund in the second quarter worth $109,000. Sanctuary Advisors LLC purchased a new position in Tortoise Power and Energy Infrastructure Fund in the second quarter worth $258,000. Finally, Envestnet Asset Management Inc. grew its position in Tortoise Power and Energy Infrastructure Fund by 13.6% in the second quarter. Envestnet Asset Management Inc. now owns 197,369 shares of the investment management company’s stock worth $3,116,000 after acquiring an additional 23,673 shares in the last quarter.

Tortoise Power and Energy Infrastructure Fund Trading Up 1.9 %

Shares of NYSE:TPZ opened at $20.74 on Friday. Tortoise Power and Energy Infrastructure Fund, Inc. has a 52-week low of $13.36 and a 52-week high of $20.99. The firm has a fifty day moving average of $19.36 and a 200 day moving average of $17.62.

Tortoise Power and Energy Infrastructure Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 22nd were paid a $0.105 dividend. This represents a $1.26 annualized dividend and a yield of 6.08%. The ex-dividend date was Friday, November 22nd.

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.