Css LLC Il Has $3.43 Million Stock Holdings in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)

Css LLC Il boosted its position in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) by 970.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 170,928 shares of the investment management company’s stock after acquiring an additional 154,954 shares during the period. Css LLC Il’s holdings in Tortoise Power and Energy Infrastructure Fund were worth $3,430,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TPZ. Almitas Capital LLC lifted its stake in shares of Tortoise Power and Energy Infrastructure Fund by 873.4% in the 4th quarter. Almitas Capital LLC now owns 576,065 shares of the investment management company’s stock valued at $11,559,000 after purchasing an additional 516,883 shares during the period. Jane Street Group LLC bought a new stake in Tortoise Power and Energy Infrastructure Fund in the fourth quarter valued at about $7,046,000. Bulldog Investors LLP lifted its stake in Tortoise Power and Energy Infrastructure Fund by 111.6% in the fourth quarter. Bulldog Investors LLP now owns 582,674 shares of the investment management company’s stock valued at $11,745,000 after buying an additional 307,283 shares during the period. Aristides Capital LLC boosted its holdings in Tortoise Power and Energy Infrastructure Fund by 1,652.8% during the fourth quarter. Aristides Capital LLC now owns 317,062 shares of the investment management company’s stock worth $6,362,000 after buying an additional 298,973 shares during the last quarter. Finally, Bard Associates Inc. grew its position in shares of Tortoise Power and Energy Infrastructure Fund by 134.3% during the 4th quarter. Bard Associates Inc. now owns 473,321 shares of the investment management company’s stock worth $9,509,000 after buying an additional 271,266 shares during the period.

Tortoise Power and Energy Infrastructure Fund Trading Up 0.1%

Shares of NYSE:TPZ opened at $20.07 on Wednesday. The firm’s 50 day simple moving average is $19.73 and its 200 day simple moving average is $20.27. Tortoise Power and Energy Infrastructure Fund, Inc. has a fifty-two week low of $15.10 and a fifty-two week high of $22.30.

Tortoise Power and Energy Infrastructure Fund Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 27th were issued a $0.0679 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.81 annualized dividend and a yield of 4.06%.

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.