First Trust Energy Infrastructure Fund (NYSE:FIF) Stock Price Crosses Above 200-Day Moving Average of $16.37

First Trust Energy Infrastructure Fund (NYSE:FIF)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $16.37 and traded as high as $17.66. First Trust Energy Infrastructure Fund shares last traded at $17.61, with a volume of 32,294 shares traded.

First Trust Energy Infrastructure Fund Stock Up 0.2 %

The company has a fifty day moving average of $17.32 and a 200 day moving average of $16.39.

First Trust Energy Infrastructure Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, April 2nd were paid a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 6.73%. The ex-dividend date of this dividend was Monday, April 1st.

Institutional Investors Weigh In On First Trust Energy Infrastructure Fund

Several institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. increased its position in shares of First Trust Energy Infrastructure Fund by 96.4% during the third quarter. Advisors Asset Management Inc. now owns 166,957 shares of the investment management company’s stock worth $2,528,000 after acquiring an additional 81,935 shares during the period. Axxcess Wealth Management LLC raised its stake in First Trust Energy Infrastructure Fund by 9.6% in the 3rd quarter. Axxcess Wealth Management LLC now owns 67,390 shares of the investment management company’s stock worth $1,020,000 after acquiring an additional 5,900 shares during the last quarter. Saba Capital Management L.P. increased its holdings in shares of First Trust Energy Infrastructure Fund by 1.2% during the 3rd quarter. Saba Capital Management L.P. now owns 1,090,614 shares of the investment management company’s stock valued at $16,512,000 after purchasing an additional 13,392 shares in the last quarter. UBS Group AG increased its position in shares of First Trust Energy Infrastructure Fund by 4.4% in the third 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. Finally, Pathstone Family Office LLC purchased a new position in First Trust Energy Infrastructure Fund in the 3rd quarter valued at about $241,000.

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.