Breakthru Advisory Services LLC Makes New Investment in Tortoise Power and Energy Infrastructure Fund, Inc. $TPZ

Breakthru Advisory Services LLC purchased a new stake in Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 375,510 shares of the investment management company’s stock, valued at approximately $7,889,000. Tortoise Power and Energy Infrastructure Fund makes up 5.2% of Breakthru Advisory Services LLC’s holdings, making the stock its 7th largest holding. Breakthru Advisory Services LLC owned 5.27% of Tortoise Power and Energy Infrastructure Fund at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in Tortoise Power and Energy Infrastructure Fund by 233.8% during 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. Walleye Capital LLC purchased a new position in Tortoise Power and Energy Infrastructure Fund in the second quarter worth $213,000. Osaic Holdings Inc. increased its position in shares of Tortoise Power and Energy Infrastructure Fund by 7.1% during the second quarter. Osaic Holdings Inc. now owns 26,701 shares of the investment management company’s stock worth $547,000 after purchasing an additional 1,771 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Tortoise Power and Energy Infrastructure Fund by 0.6% during the 1st quarter. Advisors Asset Management Inc. now owns 122,686 shares of the investment management company’s stock valued at $2,533,000 after purchasing an additional 731 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in shares of 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 valued at $2,660,000 after purchasing an additional 5,574 shares during the last quarter.

Tortoise Power and Energy Infrastructure Fund Stock Performance

Shares of TPZ stock opened at $20.34 on Friday. The stock’s fifty day moving average price is $20.95 and its 200 day moving average price is $20.72. Tortoise Power and Energy Infrastructure Fund, Inc. has a 1-year low of $17.50 and a 1-year high of $22.30.

Insiders Place Their Bets

In other Tortoise Power and Energy Infrastructure Fund news, Director Andrew J. Iseman purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were acquired at an average price of $21.20 per share, for a total transaction of $42,400.00. Following the completion of the purchase, the director owned 2,000 shares of the company’s stock, valued at approximately $42,400. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

About Tortoise Power and Energy Infrastructure Fund

Tortoise Power and Energy Infrastructure Fund, Inc (NYSE: TPZ) is a closed-end management investment company that seeks total return through a mix of current income and capital appreciation. The fund pursues its objectives by investing primarily in exchange-listed closed-end funds that themselves hold securities of energy infrastructure companies. This fund-of-funds structure allows TPZ to offer diversified exposure to multiple segments of the energy infrastructure sector without directly purchasing individual corporate securities.

TPZ’s underlying investments include equity, debt and hybrid instruments issued by companies involved in the transportation, storage and processing of oil and natural gas, as well as utilities and power generation businesses.