Harbor Investment Advisory LLC Takes $27,000 Position in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)

Harbor Investment Advisory LLC bought a new stake in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,332 shares of the investment management company’s stock, valued at approximately $27,000.

A number of other institutional investors have also modified their holdings of TPZ. Sanctuary Advisors LLC acquired a new position in shares of Tortoise Power and Energy Infrastructure Fund in the 2nd quarter valued at $258,000. Quarry LP acquired a new position in shares of Tortoise Power and Energy Infrastructure Fund in the 3rd quarter valued at $335,000. Advisors Asset Management Inc. acquired a new position in Tortoise Power and Energy Infrastructure Fund in the 3rd quarter valued at $1,186,000. Envestnet Asset Management Inc. increased 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 buying an additional 23,673 shares during the period. Finally, Kovitz Investment Group Partners LLC acquired a new position in Tortoise Power and Energy Infrastructure Fund in the 3rd quarter valued at $13,071,000.

Insider Buying and Selling at Tortoise Power and Energy Infrastructure Fund

In other Tortoise Power and Energy Infrastructure Fund news, major shareholder Saba Capital Management, L.P. sold 1,000,000 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $20.09, for a total transaction of $20,090,000.00. Following the sale, the insider now directly owns 11,234 shares in the company, valued at approximately $225,691.06. The trade was a 98.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Tortoise Power and Energy Infrastructure Fund Price Performance

Shares of TPZ opened at $21.89 on Thursday. The company’s fifty day moving average is $20.52 and its two-hundred day moving average is $18.82. Tortoise Power and Energy Infrastructure Fund, Inc. has a 1 year low of $13.79 and a 1 year high of $22.30.

Tortoise Power and Energy Infrastructure Fund Dividend Announcement

The company also recently disclosed a — dividend, which was paid on Thursday, January 2nd. Shareholders 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.