1ST TR ENERGY I/SH (NYSE:FIF) Trading 31.6% Higher

1ST TR ENERGY I/SH (NYSE:FIF) traded up 31.6% on Wednesday . The company traded as high as $7.50 and last traded at $9.54, 11,925 shares changed hands during mid-day trading. A decline of 88% from the average session volume of 96,033 shares. The stock had previously closed at $7.25.

The stock’s fifty day simple moving average is $13.64 and its two-hundred day simple moving average is $15.56.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd will be issued a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 14.38%. The ex-dividend date of this dividend is Wednesday, April 1st.

Hedge funds and other institutional investors have recently modified their holdings of the business. Steward Partners Investment Advisory LLC lifted its holdings in 1ST TR ENERGY I/SH by 1.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 32,398 shares of the investment management company’s stock valued at $545,000 after acquiring an additional 600 shares during the last quarter. Moloney Securities Asset Management LLC lifted its holdings in 1ST TR ENERGY I/SH by 20.0% in the 4th quarter. Moloney Securities Asset Management LLC now owns 62,623 shares of the investment management company’s stock valued at $1,054,000 after acquiring an additional 10,423 shares during the last quarter. Partnervest Advisory Services LLC lifted its holdings in 1ST TR ENERGY I/SH by 3.6% in the 4th quarter. Partnervest Advisory Services LLC now owns 20,146 shares of the investment management company’s stock valued at $339,000 after acquiring an additional 700 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in 1ST TR ENERGY I/SH by 15.3% in the 4th quarter. Advisors Asset Management Inc. now owns 1,064,097 shares of the investment management company’s stock valued at $31,106,000 after acquiring an additional 141,273 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in 1ST TR ENERGY I/SH by 2.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 26,766 shares of the investment management company’s stock valued at $450,000 after acquiring an additional 630 shares during the last quarter.

1ST TR ENERGY I/SH Company Profile (NYSE:FIF)

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.

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