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

First Trust Energy Income and Growth Fund (NYSEAMERICAN:FEN)’s stock price crossed 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 $16.12. First Trust Energy Income and Growth Fund shares last traded at $16.03, with a volume of 114,270 shares traded.

First Trust Energy Income and Growth Fund Stock Performance

First Trust Energy Income and Growth Fund Announces Dividend

The business also recently disclosed a — dividend, which was paid on Thursday, May 2nd. Stockholders of record on Monday, April 29th were given a dividend of $0.30 per share. This represents a dividend yield of 9.9%. The ex-dividend date was Friday, April 26th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Advisor Group LLC increased its holdings in shares of First Trust Energy Income and Growth Fund by 2.4% in the 1st quarter. Private Advisor Group LLC now owns 49,260 shares of the company’s stock worth $805,000 after buying an additional 1,142 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in First Trust Energy Income and Growth Fund by 1.6% during the first quarter. Commonwealth Equity Services LLC now owns 54,093 shares of the company’s stock worth $884,000 after acquiring an additional 864 shares during the last quarter. LongView Wealth Management purchased a new stake in First Trust Energy Income and Growth Fund during the first quarter valued at approximately $188,000. Summit Financial LLC bought a new stake in shares of First Trust Energy Income and Growth Fund in the 1st quarter valued at approximately $3,134,000. Finally, UBS Group AG boosted its holdings 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 worth $1,969,000 after purchasing an additional 3,808 shares during the period.

First Trust Energy Income and Growth Fund Company Profile

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.