First Trust Energy Infrastructure Fund (NYSE:FIF – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.92 and traded as high as $18.17. First Trust Energy Infrastructure Fund shares last traded at $18.10, with a volume of 168,500 shares trading hands.
First Trust Energy Infrastructure Fund Price Performance
The company’s 50-day moving average is $18.00 and its two-hundred day moving average is $16.92.
First Trust Energy Infrastructure Fund Increases Dividend
The company also recently announced a monthly dividend, which was paid on Thursday, May 2nd. Shareholders of record on Monday, April 29th were given a dividend of $0.15 per share. The ex-dividend date was Friday, April 26th. This represents a $1.80 annualized dividend and a dividend yield of 9.94%. This is a boost from First Trust Energy Infrastructure Fund’s previous monthly dividend of $0.10.
Institutional Investors Weigh In On First Trust Energy Infrastructure Fund
A number of hedge funds have recently modified their holdings of FIF. Advisors Asset Management Inc. raised its holdings in shares of First Trust Energy Infrastructure Fund by 96.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 166,957 shares of the investment management company’s stock worth $2,528,000 after purchasing an additional 81,935 shares during the period. Eudaimonia Partners LLC purchased a new position in First Trust Energy Infrastructure Fund in the 4th quarter valued at approximately $816,000. UBS Group AG grew its stake in First Trust Energy Infrastructure Fund by 4.4% in the 3rd quarter. UBS Group AG now owns 619,262 shares of the investment management company’s stock valued at $9,376,000 after buying an additional 26,201 shares in the last quarter. Quarry LP purchased a new position in First Trust Energy Infrastructure Fund in the 4th quarter valued at approximately $380,000. Finally, Atomi Financial Group Inc. purchased a new position in First Trust Energy Infrastructure Fund in the 3rd quarter valued at approximately $299,000.
First Trust Energy Infrastructure Fund Company Profile
First Trust Energy Infrastructure Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Energy Income Partners LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating in the energy infrastructure sector, including pipeline companies, utilities, and other companies that derive at least 50% of their revenues from operating or providing services in support of infrastructure assets such as pipelines, power transmission, and petroleum and natural gas storage in the petroleum, natural gas, and power generation industries.
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