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

First Trust Energy Income and Growth Fund (NYSEAMERICAN:FEN)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.00 and traded as high as $14.65. First Trust Energy Income and Growth Fund shares last traded at $14.64, with a volume of 75,887 shares.

First Trust Energy Income and Growth Fund Stock Performance

First Trust Energy Income and Growth Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Monday, October 23rd were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 8.22%. The ex-dividend date was Friday, October 20th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Morgan Stanley increased its stake in shares of First Trust Energy Income and Growth Fund by 18.4% during the fourth quarter. Morgan Stanley now owns 497,098 shares of the company’s stock valued at $7,054,000 after buying an additional 77,270 shares during the period. Baird Financial Group Inc. boosted its stake in shares of First Trust Energy Income and Growth Fund by 32.5% during the 2nd quarter. Baird Financial Group Inc. now owns 439,166 shares of the company’s stock valued at $6,118,000 after purchasing an additional 107,742 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of First Trust Energy Income and Growth Fund by 2.2% during the first quarter. Advisors Asset Management Inc. now owns 371,757 shares of the company’s stock valued at $6,030,000 after buying an additional 8,112 shares during the period. Royal Bank of Canada raised its stake in First Trust Energy Income and Growth Fund by 2.8% in the third quarter. Royal Bank of Canada now owns 232,625 shares of the company’s stock worth $3,454,000 after buying an additional 6,427 shares in the last quarter. Finally, Cetera Advisors LLC lifted its holdings in First Trust Energy Income and Growth Fund by 1.7% in the fourth quarter. Cetera Advisors LLC now owns 232,604 shares of the company’s stock worth $3,301,000 after buying an additional 3,881 shares during the period.

About First Trust Energy Income and Growth Fund

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.