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

First Trust Energy Income and Growth Fund (NYSEAMERICAN:FEN) crossed above its fifty day moving average during trading on Friday . 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 Trading Down 0.2 %

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FEN. LongView Wealth Management bought a new position in shares of First Trust Energy Income and Growth Fund in the 1st quarter valued at approximately $188,000. Private Advisor Group LLC raised its stake 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 valued at $805,000 after acquiring an additional 1,142 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of First Trust Energy Income and Growth Fund by 1.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 54,093 shares of the company’s stock valued at $884,000 after acquiring an additional 864 shares in the last quarter. Summit Financial LLC bought a new position in shares of First Trust Energy Income and Growth Fund in the 1st quarter valued at approximately $3,134,000. Finally, Advisors Asset Management Inc. increased its position in First Trust Energy Income and Growth Fund by 0.3% in the 1st quarter. Advisors Asset Management Inc. now owns 515,398 shares of the company’s stock worth $8,422,000 after buying an additional 1,776 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.