First Trust Energy Income and Growth Fund (NYSEAMERICAN:FEN) Stock Price Passes Above 50-Day Moving Average of $0.00

First Trust Energy Income and Growth Fund (NYSEAMERICAN:FEN)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty 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.

First Trust Energy Income and Growth Fund Price Performance

First Trust Energy Income and Growth Fund Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FEN. LongView Wealth Management bought a new stake in shares of First Trust Energy Income and Growth Fund during the 1st quarter worth about $188,000. Private Advisor Group LLC boosted its holdings in shares of First Trust Energy Income and Growth Fund by 2.4% during 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 period. Commonwealth Equity Services LLC boosted its holdings in shares of First Trust Energy Income and Growth Fund by 1.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 54,093 shares of the company’s stock worth $884,000 after buying an additional 864 shares during the period. UBS Group AG boosted its holdings in shares of First Trust Energy Income and Growth Fund by 2.6% during the 3rd quarter. UBS Group AG now owns 149,742 shares of the company’s stock worth $1,969,000 after buying an additional 3,808 shares during the period. Finally, Summit Financial LLC bought a new stake in shares of First Trust Energy Income and Growth Fund during the 1st quarter worth about $3,134,000.

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.