Bard Associates Inc. Sells 10,262 Shares of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)

Bard Associates Inc. decreased its position in shares of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) by 4.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 202,055 shares of the investment management company’s stock after selling 10,262 shares during the quarter. Tortoise Power and Energy Infrastructure Fund makes up approximately 1.2% of Bard Associates Inc.’s holdings, making the stock its 21st largest holding. Bard Associates Inc.’s holdings in Tortoise Power and Energy Infrastructure Fund were worth $3,659,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Sanctuary Advisors LLC acquired a new position in shares of Tortoise Power and Energy Infrastructure Fund during the 2nd quarter worth approximately $258,000. Envestnet Asset Management Inc. lifted its holdings in shares of Tortoise Power and Energy Infrastructure Fund by 13.6% in the second quarter. Envestnet Asset Management Inc. now owns 197,369 shares of the investment management company’s stock valued at $3,116,000 after purchasing an additional 23,673 shares in the last quarter. Choreo LLC increased its position in shares of Tortoise Power and Energy Infrastructure Fund by 7.7% during the second quarter. Choreo LLC now owns 44,574 shares of the investment management company’s stock valued at $702,000 after acquiring an additional 3,169 shares during the last quarter. Carmichael Hill & Associates Inc. raised its position in shares of Tortoise Power and Energy Infrastructure Fund by 3.4% in the second quarter. Carmichael Hill & Associates Inc. now owns 21,429 shares of the investment management company’s stock valued at $338,000 after purchasing an additional 705 shares during the period. Finally, Wolverine Asset Management LLC purchased a new position in shares of Tortoise Power and Energy Infrastructure Fund during the 2nd quarter valued at $109,000.

Tortoise Power and Energy Infrastructure Fund Trading Down 0.2 %

NYSE:TPZ opened at $19.72 on Friday. The company has a fifty day moving average of $18.66 and a 200 day moving average of $17.08. Tortoise Power and Energy Infrastructure Fund, Inc. has a 52 week low of $13.18 and a 52 week high of $20.40.

Tortoise Power and Energy Infrastructure Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 22nd will be issued a $0.105 dividend. This represents a $1.26 annualized dividend and a dividend yield of 6.39%. The ex-dividend date of this dividend is Friday, November 22nd.

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.