Breakthru Advisory Services LLC Invests $7.89 Million in Tortoise Power and Energy Infrastructure Fund, Inc. $TPZ

Breakthru Advisory Services LLC bought a new position in shares of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 375,510 shares of the investment management company’s stock, valued at approximately $7,889,000. Tortoise Power and Energy Infrastructure Fund accounts for approximately 5.2% of Breakthru Advisory Services LLC’s investment portfolio, making the stock its 7th biggest holding. Breakthru Advisory Services LLC owned 0.05% of Tortoise Power and Energy Infrastructure Fund as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TPZ. JPMorgan Chase & Co. increased its holdings in Tortoise Power and Energy Infrastructure Fund by 233.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,800 shares of the investment management company’s stock worth $160,000 after buying an additional 5,463 shares during the period. Walleye Capital LLC acquired a new stake in Tortoise Power and Energy Infrastructure Fund during the 2nd quarter valued at approximately $213,000. Osaic Holdings Inc. lifted its stake in Tortoise Power and Energy Infrastructure Fund by 7.1% during the 2nd quarter. Osaic Holdings Inc. now owns 26,701 shares of the investment management company’s stock valued at $547,000 after acquiring an additional 1,771 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Tortoise Power and Energy Infrastructure Fund by 0.6% in 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 acquiring an additional 731 shares during the last quarter. Finally, D.A. Davidson & CO. increased its stake in shares of Tortoise Power and Energy Infrastructure Fund by 4.5% in the second quarter. D.A. Davidson & CO. now owns 129,742 shares of the investment management company’s stock worth $2,660,000 after acquiring an additional 5,574 shares during the period.

Insiders Place Their Bets

In related news, Director Andrew J. Iseman acquired 2,000 shares of Tortoise Power and Energy Infrastructure Fund stock in a transaction on Wednesday, November 12th. The stock was acquired at an average price of $21.20 per share, for a total transaction of $42,400.00. Following the purchase, the director owned 2,000 shares of the company’s stock, valued at approximately $42,400. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Tortoise Power and Energy Infrastructure Fund Price Performance

Shares of Tortoise Power and Energy Infrastructure Fund stock opened at $20.34 on Friday. The firm has a fifty day moving average price of $20.95 and a 200 day moving average price of $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.

Tortoise Power and Energy Infrastructure Fund Company Profile

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.