First Trust Energy Income and Growth Fund (NYSEAMERICAN:FEN) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

First Trust Energy Income and Growth Fund (NYSEAMERICAN:FEN)’s stock price passed above its 50 day moving average during trading on Tuesday . 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 changing hands.

First Trust Energy Income and Growth Fund Stock Down 0.2 %

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC increased its stake in 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 valued at $884,000 after buying an additional 864 shares during the period. Private Advisor Group LLC boosted its holdings in shares of First Trust Energy Income and Growth Fund by 2.4% in the first 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. Finally, Advisors Asset Management Inc. boosted its holdings in shares of First Trust Energy Income and Growth Fund by 0.3% in the first quarter. Advisors Asset Management Inc. now owns 515,398 shares of the company’s stock valued at $8,422,000 after acquiring an additional 1,776 shares in the last quarter.

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.