First Trust MLP and Energy Income Fund (NYSE:FEI) Trading 0.4% Higher

First Trust MLP and Energy Income Fund (NYSE:FEI)’s stock price was up 0.4% on Wednesday . The stock traded as high as $9.81 and last traded at $9.79. Approximately 57,454 shares changed hands during trading, a decline of 54% from the average daily volume of 123,636 shares. The stock had previously closed at $9.76.

First Trust MLP and Energy Income Fund Trading Up 0.4 %

The company has a fifty day simple moving average of $9.30 and a two-hundred day simple moving average of $8.77.

Institutional Trading of First Trust MLP and Energy Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in FEI. IFG Advisory LLC bought a new stake in shares of First Trust MLP and Energy Income Fund in the 4th quarter valued at about $255,000. Cambridge Advisors Inc. grew its position in shares of First Trust MLP and Energy Income Fund by 1.6% in the 4th quarter. Cambridge Advisors Inc. now owns 238,834 shares of the company’s stock valued at $2,047,000 after purchasing an additional 3,858 shares during the period. Register Financial Advisors LLC acquired a new position in shares of First Trust MLP and Energy Income Fund in the 4th quarter valued at approximately $137,000. UBS Group AG grew its position in shares of First Trust MLP and Energy Income Fund by 1.4% in the 3rd quarter. UBS Group AG now owns 490,498 shares of the company’s stock valued at $3,880,000 after purchasing an additional 6,605 shares during the period. Finally, Saba Capital Management L.P. grew its position in shares of First Trust MLP and Energy Income Fund by 17.6% in the 3rd quarter. Saba Capital Management L.P. now owns 3,386,641 shares of the company’s stock valued at $26,788,000 after purchasing an additional 507,569 shares during the period.

About First Trust MLP and Energy Income Fund

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.