First Trust Energy Infrastructure Fund (NYSE:FIF) Share Price Passes Above 200-Day Moving Average of $14.49

First Trust Energy Infrastructure Fund (NYSE:FIFGet Rating)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.49 and traded as high as $14.84. First Trust Energy Infrastructure Fund shares last traded at $14.76, with a volume of 46,466 shares traded.

First Trust Energy Infrastructure Fund Stock Up 0.4 %

The business has a 50 day simple moving average of $14.58 and a 200-day simple moving average of $14.49.

First Trust Energy Infrastructure Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 15th. Shareholders of record on Tuesday, August 2nd will be paid a $0.0625 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date is Monday, August 1st.

Hedge Funds Weigh In On First Trust Energy Infrastructure Fund

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wealthspire Advisors LLC lifted its position in First Trust Energy Infrastructure Fund by 18.0% during the 1st quarter. Wealthspire Advisors LLC now owns 819,651 shares of the investment management company’s stock worth $12,483,000 after acquiring an additional 125,085 shares in the last quarter. UBS Group AG increased its holdings in First Trust Energy Infrastructure Fund by 63.9% during the 1st quarter. UBS Group AG now owns 435,757 shares of the investment management company’s stock worth $6,637,000 after purchasing an additional 169,878 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in First Trust Energy Infrastructure Fund by 1.2% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 213,247 shares of the investment management company’s stock worth $3,054,000 after purchasing an additional 2,617 shares during the last quarter. Raymond James & Associates increased its holdings in First Trust Energy Infrastructure Fund by 8.9% during the 1st quarter. Raymond James & Associates now owns 183,764 shares of the investment management company’s stock worth $2,799,000 after purchasing an additional 14,971 shares during the last quarter. Finally, Pathway Financial Advisors LLC purchased a new stake in First Trust Energy Infrastructure Fund during the 4th quarter worth approximately $1,257,000.

About First Trust Energy Infrastructure Fund

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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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