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

First Trust Energy Income and Growth Fund (NYSEAMERICAN:FEN)’s stock price passed 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 $16.13. 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 %

Hedge Funds Weigh In On First Trust Energy Income and Growth Fund

Institutional investors have recently modified their holdings of the company. LongView Wealth Management purchased a new stake in shares of First Trust Energy Income and Growth Fund in the first quarter valued at $188,000. Private Advisor Group LLC boosted its stake in 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 grew its holdings in 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 buying an additional 864 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings 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 valued at $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.