Tortoise Power and Energy Infrastructure Fund (NYSE:TPZ) Stock Price Passes Above Fifty Day Moving Average of $13.15

Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZGet Rating) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $13.15 and traded as high as $13.42. Tortoise Power and Energy Infrastructure Fund shares last traded at $13.34, with a volume of 7,337 shares changing hands.

Tortoise Power and Energy Infrastructure Fund Price Performance

The company’s 50-day moving average is $13.15 and its 200 day moving average is $13.80.

Tortoise Power and Energy Infrastructure Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 22nd were paid a dividend of $0.105 per share. This represents a $1.26 annualized dividend and a yield of 9.45%. The ex-dividend date of this dividend was Thursday, July 21st.

Institutional Trading of Tortoise Power and Energy Infrastructure Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its stake in shares of Tortoise Power and Energy Infrastructure Fund by 4.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 33,675 shares of the investment management company’s stock valued at $459,000 after purchasing an additional 1,553 shares during the period. Truist Financial Corp increased its holdings in Tortoise Power and Energy Infrastructure Fund by 14.2% in the 2nd quarter. Truist Financial Corp now owns 15,359 shares of the investment management company’s stock worth $192,000 after acquiring an additional 1,910 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in Tortoise Power and Energy Infrastructure Fund in the 2nd quarter worth $60,000. Private Advisor Group LLC increased its holdings in Tortoise Power and Energy Infrastructure Fund by 11.5% in the 2nd quarter. Private Advisor Group LLC now owns 97,164 shares of the investment management company’s stock worth $1,216,000 after acquiring an additional 10,014 shares in the last quarter. Finally, Eudaimonia Partners LLC purchased a new stake in Tortoise Power and Energy Infrastructure Fund in the 1st quarter worth $158,000.

About Tortoise Power and Energy Infrastructure Fund

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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.

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