92,472 Shares in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) Acquired by Bank of America Corp DE

Bank of America Corp DE bought a new position in shares of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 92,472 shares of the investment management company’s stock, valued at approximately $1,855,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Almitas Capital LLC boosted its stake in Tortoise Power and Energy Infrastructure Fund by 873.4% in the 4th quarter. Almitas Capital LLC now owns 576,065 shares of the investment management company’s stock worth $11,559,000 after purchasing an additional 516,883 shares during the period. Bard Associates Inc. boosted its stake in Tortoise Power and Energy Infrastructure Fund by 134.3% in the 4th quarter. Bard Associates Inc. now owns 473,321 shares of the investment management company’s stock worth $9,509,000 after purchasing an additional 271,266 shares during the period. Jane Street Group LLC acquired a new position in Tortoise Power and Energy Infrastructure Fund in the 4th quarter worth approximately $7,046,000. Aristides Capital LLC boosted its stake in Tortoise Power and Energy Infrastructure Fund by 1,652.8% in the 4th quarter. Aristides Capital LLC now owns 317,062 shares of the investment management company’s stock worth $6,362,000 after purchasing an additional 298,973 shares during the period. Finally, Yakira Capital Management Inc. boosted its stake in Tortoise Power and Energy Infrastructure Fund by 568.5% in the 4th quarter. Yakira Capital Management Inc. now owns 315,711 shares of the investment management company’s stock worth $6,335,000 after purchasing an additional 268,485 shares during the period.

Tortoise Power and Energy Infrastructure Fund Stock Up 1.2%

Tortoise Power and Energy Infrastructure Fund stock opened at $20.27 on Wednesday. The company has a 50 day moving average price of $19.56 and a 200 day moving average price of $20.29. Tortoise Power and Energy Infrastructure Fund, Inc. has a 52 week low of $15.10 and a 52 week high of $22.30.

Tortoise Power and Energy Infrastructure Fund 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.