First Trust MLP and Energy Income Fund (NYSE:FEI) Declares Monthly Dividend of $0.05

First Trust MLP and Energy Income Fund (NYSE:FEIGet Rating) declared a monthly dividend on Friday, April 22nd, Wall Street Journal reports. Shareholders of record on Thursday, June 2nd will be given a dividend of 0.05 per share on Wednesday, June 15th. This represents a $0.60 annualized dividend and a yield of 7.28%. The ex-dividend date of this dividend is Wednesday, June 1st.

Shares of FEI stock traded down $0.47 during trading hours on Friday, reaching $8.24. 3,536 shares of the company’s stock were exchanged, compared to its average volume of 202,691. The stock’s 50 day moving average is $8.00 and its 200-day moving average is $7.73. First Trust MLP and Energy Income Fund has a fifty-two week low of $6.76 and a fifty-two week high of $8.81.

Large investors have recently made changes to their positions in the stock. Wealthsource Partners LLC increased its position in First Trust MLP and Energy Income Fund by 25.0% during the 4th quarter. Wealthsource Partners LLC now owns 50,000 shares of the company’s stock valued at $363,000 after buying an additional 10,000 shares in the last quarter. Wells Fargo & Company MN increased its position in First Trust MLP and Energy Income Fund by 11.0% during the 4th quarter. Wells Fargo & Company MN now owns 55,658 shares of the company’s stock valued at $404,000 after buying an additional 5,500 shares in the last quarter. Royal Bank of Canada increased its position in First Trust MLP and Energy Income Fund by 8.2% during the 3rd quarter. Royal Bank of Canada now owns 150,675 shares of the company’s stock valued at $1,085,000 after buying an additional 11,456 shares in the last quarter. LPL Financial LLC increased its position in First Trust MLP and Energy Income Fund by 4.9% during the 4th quarter. LPL Financial LLC now owns 208,652 shares of the company’s stock valued at $1,513,000 after buying an additional 9,831 shares in the last quarter. Finally, Morgan Stanley increased its position in First Trust MLP and Energy Income Fund by 0.4% during the 2nd quarter. Morgan Stanley now owns 3,750,219 shares of the company’s stock valued at $29,664,000 after buying an additional 15,619 shares in the last quarter.

First Trust MLP and Energy Income Fund Company Profile (Get Rating)

First Trust MLP and Energy Income Fund is a closed-ended balanced mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Energy Income Partners LLC. It invests in the public equity and fixed income markets of the United States. The fund seeks to invest in securities of companies operating in the energy and energy utilities sectors.

Further Reading

Dividend History for First Trust MLP and Energy Income Fund (NYSE:FEI)

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