First Trust Energy Infrastructure Fund (NYSE:FIF) Stock Crosses Above 200 Day Moving Average of $16.51

First Trust Energy Infrastructure Fund (NYSE:FIF)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $16.51 and traded as high as $18.39. First Trust Energy Infrastructure Fund shares last traded at $18.35, with a volume of 32,198 shares.

First Trust Energy Infrastructure Fund Trading Up 0.2 %

The business’s 50 day moving average price is $17.45 and its 200-day moving average price is $16.51.

First Trust Energy Infrastructure Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, April 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.54%.

Institutional Trading of First Trust Energy Infrastructure Fund

Several large investors have recently modified their holdings of FIF. Advisors Asset Management Inc. grew its position in shares of First Trust Energy Infrastructure Fund by 96.4% in the third quarter. Advisors Asset Management Inc. now owns 166,957 shares of the investment management company’s stock valued at $2,528,000 after purchasing an additional 81,935 shares during the last quarter. Eudaimonia Partners LLC acquired a new stake in shares of First Trust Energy Infrastructure Fund in the fourth quarter valued at approximately $816,000. UBS Group AG boosted its position in First Trust Energy Infrastructure Fund by 4.4% during the third quarter. UBS Group AG now owns 619,262 shares of the investment management company’s stock worth $9,376,000 after acquiring an additional 26,201 shares during the last quarter. Quarry LP acquired a new stake in First Trust Energy Infrastructure Fund during the fourth quarter worth approximately $380,000. Finally, Atomi Financial Group Inc. acquired a new stake in First Trust Energy Infrastructure Fund during the third quarter worth approximately $299,000.

About First Trust Energy Infrastructure Fund

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.