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

First Trust Energy Income and Growth Fund (NYSEAMERICAN:FEN) passed above its 50 day moving average during trading on Friday . The stock has a 50 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 trading hands.

First Trust Energy Income and Growth Fund Price Performance

First Trust Energy Income and Growth Fund Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC lifted 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 purchasing an additional 864 shares during the period. Private Advisor Group LLC raised its stake in 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. Advisors Asset Management Inc. raised its stake in First Trust Energy Income and Growth Fund by 0.3% during 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. LongView Wealth Management acquired a new position in First Trust Energy Income and Growth Fund during the 1st quarter worth approximately $188,000. Finally, Summit Financial LLC acquired a new position in First Trust Energy Income and Growth Fund during the 1st quarter worth approximately $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.