First Trust Energy Infrastructure Fund (NYSE:FIF) Stock Price Crosses Above 200-Day Moving Average of $15.69

First Trust Energy Infrastructure Fund (NYSE:FIFGet Free Report)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.69 and traded as high as $15.95. First Trust Energy Infrastructure Fund shares last traded at $15.90, with a volume of 139,113 shares traded.

First Trust Energy Infrastructure Fund Price Performance

The business’s fifty day moving average price is $16.31 and its 200 day moving average price is $15.69.

First Trust Energy Infrastructure Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, February 2nd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.55%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Osaic Holdings Inc. lifted its holdings in shares of First Trust Energy Infrastructure Fund by 1.7% in the second quarter. Osaic Holdings Inc. now owns 42,263 shares of the investment management company’s stock valued at $621,000 after purchasing an additional 698 shares in the last quarter. Invesco Ltd. raised its holdings in shares of First Trust Energy Infrastructure Fund by 5.2% in the third quarter. Invesco Ltd. now owns 14,364 shares of the investment management company’s stock worth $217,000 after acquiring an additional 708 shares during the last quarter. Veritable L.P. lifted its position in shares of First Trust Energy Infrastructure Fund by 7.4% in the second quarter. Veritable L.P. now owns 15,661 shares of the investment management company’s stock valued at $230,000 after acquiring an additional 1,082 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of First Trust Energy Infrastructure Fund by 0.6% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 219,694 shares of the investment management company’s stock valued at $3,326,000 after acquiring an additional 1,355 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in First Trust Energy Infrastructure Fund by 4.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 35,335 shares of the investment management company’s stock worth $535,000 after purchasing an additional 1,589 shares in the last quarter.

First Trust Energy Infrastructure Fund Company Profile

(Get Free Report)

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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