First Trust Energy Income and Growth Fund (NYSEAMERICAN:FEN) Shares Cross Above 50 Day Moving Average of $0.00

First Trust Energy Income and Growth Fund (NYSEAMERICAN:FEN) passed 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 $16.64. First Trust Energy Income and Growth Fund shares last traded at $16.50, with a volume of 96,303 shares changing hands.

First Trust Energy Income and Growth Fund Stock Up 1.2 %

First Trust Energy Income and Growth Fund Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd will be issued a dividend of $0.40 per share. This is an increase from First Trust Energy Income and Growth Fund’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a yield of 9.70%. The ex-dividend date of this dividend is Monday, April 22nd.

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

A number of institutional investors and hedge funds have recently made changes to their positions in FEN. PNC Financial Services Group Inc. boosted its position in shares of First Trust Energy Income and Growth Fund by 153.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,650 shares of the company’s stock worth $27,000 after purchasing an additional 1,000 shares in the last quarter. D.A. Davidson & CO. bought a new position in shares of First Trust Energy Income and Growth Fund during the 1st quarter worth about $181,000. LongView Wealth Management bought a new position in shares of First Trust Energy Income and Growth Fund during the 1st quarter worth about $188,000. Private Advisor Group LLC bought a new position in shares of First Trust Energy Income and Growth Fund during the 1st quarter worth about $193,000. Finally, Cetera Advisor Networks LLC bought a new position in shares of First Trust Energy Income and Growth Fund during the 1st quarter worth about $194,000.

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.