First Trust Energy Infrastructure Fund (NYSE:FIF) Share Price Passes Above Two Hundred Day Moving Average of $16.37

Shares of First Trust Energy Infrastructure Fund (NYSE:FIF) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $16.37 and traded as high as $17.66. First Trust Energy Infrastructure Fund shares last traded at $17.61, with a volume of 32,294 shares trading hands.

First Trust Energy Infrastructure Fund Stock Performance

The stock’s 50 day simple moving average is $17.24 and its 200 day simple moving average is $16.37.

First Trust Energy Infrastructure Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, April 1st. This represents a $1.20 annualized dividend and a dividend yield of 6.81%.

Institutional Trading of First Trust Energy Infrastructure Fund

Several institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. grew its stake in shares of First Trust Energy Infrastructure Fund by 1.7% in the 2nd quarter. Osaic Holdings Inc. now owns 42,263 shares of the investment management company’s stock worth $621,000 after acquiring an additional 698 shares in the last quarter. Invesco Ltd. grew its stake in shares of First Trust Energy Infrastructure Fund by 5.2% in the 3rd quarter. Invesco Ltd. now owns 14,364 shares of the investment management company’s stock worth $217,000 after acquiring an additional 708 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of First Trust Energy Infrastructure Fund by 0.6% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 219,694 shares of the investment management company’s stock worth $3,326,000 after acquiring an additional 1,355 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of First Trust Energy Infrastructure Fund by 0.3% in the 4th quarter. Wells Fargo & Company MN now owns 449,193 shares of the investment management company’s stock worth $7,394,000 after acquiring an additional 1,420 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of First Trust Energy Infrastructure Fund by 4.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 35,335 shares of the investment management company’s stock worth $535,000 after acquiring an additional 1,589 shares in the last quarter.

First Trust Energy Infrastructure Fund Company Profile

First Trust Energy Infrastructure Fund is a closed-ended equity 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 markets of the United States. The fund seeks to invest in stocks of companies operating in the energy infrastructure sector, including pipeline companies, utilities, and other companies that derive at least 50% of their revenues from operating or providing services in support of infrastructure assets such as pipelines, power transmission, and petroleum and natural gas storage in the petroleum, natural gas, and power generation industries.