First Trust Energy Income and Growth Fund (NYSEAMERICAN:FEN) Stock Passes Above Fifty Day Moving Average of $0.00

Shares of First Trust Energy Income and Growth Fund (NYSEAMERICAN:FENGet Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.00 and traded as high as $16.13. First Trust Energy Income and Growth Fund shares last traded at $16.00, with a volume of 96,400 shares trading hands.

First Trust Energy Income and Growth Fund Price Performance

First Trust Energy Income and Growth Fund Announces Dividend

The firm also recently declared a — dividend, which was paid on Thursday, May 2nd. Shareholders of record on Monday, April 29th were issued a $0.30 dividend. This represents a yield of 9.9%. The ex-dividend date of this dividend was Friday, April 26th.

Institutional Trading of First Trust Energy Income and Growth Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Summit Financial LLC purchased a new position in shares of First Trust Energy Income and Growth Fund during the 1st quarter valued at approximately $3,134,000. AQR Arbitrage LLC grew its holdings in shares of First Trust Energy Income and Growth Fund by 92.9% in the third quarter. AQR Arbitrage LLC now owns 124,766 shares of the company’s stock valued at $1,641,000 after purchasing an additional 60,072 shares during the period. LongView Wealth Management acquired a new stake in shares of First Trust Energy Income and Growth Fund during the 1st quarter worth approximately $188,000. UBS Group AG lifted its stake in shares of First Trust Energy Income and Growth Fund by 2.6% in the 3rd quarter. UBS Group AG now owns 149,742 shares of the company’s stock valued at $1,969,000 after purchasing an additional 3,808 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its position in First Trust Energy Income and Growth Fund by 0.3% in the first quarter. Advisors Asset Management Inc. now owns 515,398 shares of the company’s stock valued at $8,422,000 after buying an additional 1,776 shares during the last quarter.

First Trust Energy Income and Growth Fund Company Profile

(Get Free Report)

First Trust Energy Income and Growth Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Energy Income Partners, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the energy sector, including companies in the business of transporting, processing, storing, distributing, or marketing natural gas, natural gas liquids (including propane), crude oil, refined petroleum products, coal or electricity, or exploring, developing, managing or producing such commodities or products, or in supplying energy-related products and services.

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