SG Americas Securities LLC cut its holdings in shares of Tortoise Power & Energy Infrstrct Fd Inc (NYSE:TPZ) by 42.9% during the second quarter, HoldingsChannel.com reports. The fund owned 10,835 shares of the investment management company’s stock after selling 8,145 shares during the period. SG Americas Securities LLC’s holdings in Tortoise Power & Energy Infrstrct Fd were worth $204,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TPZ. Stifel Financial Corp acquired a new stake in shares of Tortoise Power & Energy Infrstrct Fd during the 1st quarter valued at about $419,000. Guggenheim Capital LLC grew its position in shares of Tortoise Power & Energy Infrstrct Fd by 1.4% during the 1st quarter. Guggenheim Capital LLC now owns 244,809 shares of the investment management company’s stock valued at $4,385,000 after acquiring an additional 3,479 shares during the period. Finally, First Trust Advisors LP grew its position in shares of Tortoise Power & Energy Infrstrct Fd by 5.6% during the 2nd quarter. First Trust Advisors LP now owns 156,196 shares of the investment management company’s stock valued at $2,943,000 after acquiring an additional 8,214 shares during the period.

NYSE:TPZ opened at $18.90 on Thursday. Tortoise Power & Energy Infrstrct Fd Inc has a 52 week low of $17.51 and a 52 week high of $21.77.

The firm also recently announced a monthly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 21st will be given a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.94%. The ex-dividend date is Thursday, September 20th.

About Tortoise Power & Energy Infrstrct Fd

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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Institutional Ownership by Quarter for Tortoise Power & Energy Infrstrct Fd (NYSE:TPZ)

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