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

Shares of First Trust Energy Income and Growth Fund (NYSEAMERICAN:FEN) crossed 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 trading hands.

First Trust Energy Income and Growth Fund Stock Performance

Institutional Trading of First Trust Energy Income and Growth Fund

A number of large investors have recently added to or reduced their stakes in the business. LongView Wealth Management purchased a new stake in shares of First Trust Energy Income and Growth Fund during the first quarter valued at $188,000. Private Advisor Group LLC raised its holdings in First Trust Energy Income and Growth Fund by 2.4% during 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 period. Commonwealth Equity Services LLC raised its holdings in First Trust Energy Income and Growth Fund by 1.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 54,093 shares of the company’s stock worth $884,000 after buying an additional 864 shares during the period. Summit Financial LLC purchased a new stake in First Trust Energy Income and Growth Fund during the first quarter valued at about $3,134,000. Finally, Advisors Asset Management Inc. boosted its holdings in shares of First Trust Energy Income and Growth Fund by 0.3% in the first quarter. Advisors Asset Management Inc. now owns 515,398 shares of the company’s stock worth $8,422,000 after buying an additional 1,776 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.