Saba Capital Management bought nearly 350,000 TPZ shares but also sold a million shares, as TPZ's price rose and it declared a dividend.

Saba Capital Management significantly increased its stake in Tortoise Power and Energy Infrastructure Fund (NYSE:TPZ) by acquiring 347,278 shares on December 24th, while also selling 1,000,000 shares on December 26th. TPZ shares rose to $20.07 and the company declared a monthly dividend of $0.105, an annual yield of 6.28%. Other institutional investors have also adjusted their holdings in TPZ.

3 months ago
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