Tortoise Power and Energy Infrastructure Fund (NYSE:TPZ) Director Andrew Iseman Buys 2,000 Shares of Stock

Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) Director Andrew Iseman acquired 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was acquired at an average price of $21.20 per share, with a total value of $42,400.00. Following the acquisition, the director directly owned 2,000 shares of the company’s stock, valued at approximately $42,400. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Tortoise Power and Energy Infrastructure Fund Trading Up 0.9%

NYSE TPZ traded up $0.20 on Friday, hitting $21.02. 16,819 shares of the stock were exchanged, compared to its average volume of 41,954. The company has a 50-day moving average price of $21.03 and a 200-day moving average price of $20.54. Tortoise Power and Energy Infrastructure Fund, Inc. has a fifty-two week low of $17.50 and a fifty-two week high of $22.30.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TPZ. JPMorgan Chase & Co. raised its position in shares of Tortoise Power and Energy Infrastructure Fund by 233.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,800 shares of the investment management company’s stock worth $160,000 after buying an additional 5,463 shares during the period. Walleye Capital LLC bought a new stake in shares of Tortoise Power and Energy Infrastructure Fund in the 2nd quarter worth about $213,000. First Trust Advisors LP raised its stake in Tortoise Power and Energy Infrastructure Fund by 19.4% during the third quarter. First Trust Advisors LP now owns 12,678 shares of the investment management company’s stock valued at $266,000 after buying an additional 2,059 shares in the last quarter. Osaic Holdings Inc. lifted its stake in Tortoise Power and Energy Infrastructure Fund by 7.1% during the second quarter. Osaic Holdings Inc. now owns 26,701 shares of the investment management company’s stock worth $547,000 after purchasing an additional 1,771 shares during the last quarter. Finally, Uhlmann Price Securities LLC boosted its holdings in shares of Tortoise Power and Energy Infrastructure Fund by 39.9% in the 3rd quarter. Uhlmann Price Securities LLC now owns 75,129 shares of the investment management company’s stock valued at $1,578,000 after buying an additional 21,418 shares during the period.

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.