First Trust Energy Infrastructure Fund (NYSE:FIF) Stock Passes Above 200-Day Moving Average of $16.51

First Trust Energy Infrastructure Fund (NYSE:FIF)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.51 and traded as high as $18.39. First Trust Energy Infrastructure Fund shares last traded at $18.35, with a volume of 32,198 shares changing hands.

First Trust Energy Infrastructure Fund Stock Performance

The company has a 50 day simple moving average of $17.45 and a two-hundred day simple moving average of $16.51.

First Trust Energy Infrastructure Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, April 2nd were paid a $0.10 dividend. The ex-dividend date was Monday, April 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.54%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FIF. Benjamin F. Edwards & Company Inc. raised its stake in First Trust Energy Infrastructure Fund by 1,025.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,250 shares of the investment management company’s stock worth $37,000 after acquiring an additional 2,050 shares in the last quarter. NBC Securities Inc. acquired a new position in First Trust Energy Infrastructure Fund during the third quarter worth $46,000. Spire Wealth Management raised its stake in First Trust Energy Infrastructure Fund by 78.5% during the first quarter. Spire Wealth Management now owns 5,263 shares of the investment management company’s stock worth $96,000 after acquiring an additional 2,314 shares in the last quarter. West Branch Capital LLC acquired a new position in First Trust Energy Infrastructure Fund during the first quarter worth $107,000. Finally, Moors & Cabot Inc. acquired a new position in First Trust Energy Infrastructure Fund during the third quarter worth $186,000.

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.