Sanctuary Advisors LLC Increases Stock Position in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)

Sanctuary Advisors LLC boosted its holdings in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) by 126.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,653 shares of the investment management company’s stock after acquiring an additional 21,589 shares during the quarter. Sanctuary Advisors LLC’s holdings in Tortoise Power and Energy Infrastructure Fund were worth $700,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TPZ. Kovitz Investment Group Partners LLC bought a new position in shares of Tortoise Power and Energy Infrastructure Fund during the third quarter valued at $13,071,000. Advisors Asset Management Inc. bought a new position in Tortoise Power and Energy Infrastructure Fund during the 3rd quarter valued at about $1,186,000. Envestnet Asset Management Inc. boosted its holdings in shares of Tortoise Power and Energy Infrastructure Fund by 13.6% during 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 acquiring an additional 23,673 shares during the last quarter. Quarry LP bought a new stake in shares of Tortoise Power and Energy Infrastructure Fund in the third quarter worth approximately $335,000. Finally, Wolverine Asset Management LLC bought a new stake in shares of Tortoise Power and Energy Infrastructure Fund in the second quarter worth approximately $109,000.

Tortoise Power and Energy Infrastructure Fund Stock Performance

Shares of Tortoise Power and Energy Infrastructure Fund stock opened at $20.00 on Tuesday. Tortoise Power and Energy Infrastructure Fund, Inc. has a twelve month low of $13.79 and a twelve month high of $20.99. The company’s 50 day moving average is $19.73 and its 200 day moving average is $18.03.

Tortoise Power and Energy Infrastructure Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 22nd were issued a dividend of $0.105 per share. The ex-dividend date was Friday, November 22nd. This represents a $1.26 annualized dividend and a dividend yield of 6.30%.

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.