Key Points
- Andrew Iseman, a director of Tortoise Power and Energy Infrastructure Fund (NYSE:TPZ), bought 2,000 shares on Nov. 12 at an average price of $21.20, a transaction totaling $42,400 disclosed in an SEC filing.
- TPZ traded up 0.9% to $21.02 on the day with 16,819 shares changing hands; its 50-day and 200-day moving averages are $21.03 and $20.54, and the 12-month range is $17.50–$22.30.
- Multiple institutions recently adjusted positions—Journey Advisory Group raised its stake to 578,866 shares, Advisors Asset Management to 122,686, JPMorgan boosted holdings 233.8% to 7,800 shares, and Walleye Capital opened a new stake—signaling active institutional interest.
Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ - Get Free Report) Director Andrew Iseman acquired 2,000 shares of the company's stock in a transaction that occurred on Wednesday, November 12th. The shares were bought at an average price of $21.20 per share, for a total transaction of $42,400.00. Following the completion of the acquisition, the director owned 2,000 shares of the company's stock, valued at $42,400. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Tortoise Power and Energy Infrastructure Fund Trading Up 0.9%
NYSE:TPZ traded up $0.20 during trading hours on Friday, reaching $21.02. 16,819 shares of the stock were exchanged, compared to its average volume of 41,954. The firm has a 50 day moving average of $21.03 and a 200 day moving average of $20.54. Tortoise Power and Energy Infrastructure Fund, Inc. has a twelve month low of $17.50 and a twelve month high of $22.30.
Institutional Trading of Tortoise Power and Energy Infrastructure Fund
Hedge funds have recently made changes to their positions in the business. Advisors Asset Management Inc. increased its stake in Tortoise Power and Energy Infrastructure Fund by 0.6% in the first quarter. Advisors Asset Management Inc. now owns 122,686 shares of the investment management company's stock valued at $2,533,000 after acquiring an additional 731 shares during the last quarter. Journey Advisory Group LLC grew its holdings in Tortoise Power and Energy Infrastructure Fund by 5.7% during the 2nd quarter. Journey Advisory Group LLC now owns 578,866 shares of the investment management company's stock worth $10,916,000 after acquiring an additional 31,124 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in Tortoise Power and Energy Infrastructure Fund by 4.5% during the 2nd quarter. D.A. Davidson & CO. now owns 129,742 shares of the investment management company's stock worth $2,660,000 after buying an additional 5,574 shares during the period. JPMorgan Chase & Co. boosted its holdings in Tortoise Power and Energy Infrastructure Fund by 233.8% in the second quarter. JPMorgan Chase & Co. now owns 7,800 shares of the investment management company's stock valued at $160,000 after acquiring an additional 5,463 shares during the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of Tortoise Power and Energy Infrastructure Fund in the 2nd quarter valued at $213,000.
About Tortoise Power and Energy Infrastructure Fund
(
Get Free Report)
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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