First Trust New Opportunities MLP & Energy Fund (NYSE:FPL) Stock Price Crosses Above 50-Day Moving Average of $7.51

First Trust New Opportunities MLP & Energy Fund (NYSE:FPL) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $7.51 and traded as high as $7.76. First Trust New Opportunities MLP & Energy Fund shares last traded at $7.76, with a volume of 62,700 shares.

First Trust New Opportunities MLP & Energy Fund Stock Up 0.1 %

The business’s 50 day moving average price is $7.51 and its 200-day moving average price is $7.09.

Hedge Funds Weigh In On First Trust New Opportunities MLP & Energy Fund

Several institutional investors have recently bought and sold shares of FPL. B. Riley Wealth Advisors Inc. increased its stake in shares of First Trust New Opportunities MLP & Energy Fund by 7.6% in the third quarter. B. Riley Wealth Advisors Inc. now owns 71,001 shares of the investment management company’s stock valued at $444,000 after buying an additional 5,001 shares in the last quarter. NBC Securities Inc. bought a new stake in First Trust New Opportunities MLP & Energy Fund during the 3rd quarter worth about $39,000. Blue Bell Private Wealth Management LLC acquired a new stake in First Trust New Opportunities MLP & Energy Fund in the 4th quarter valued at about $44,000. Kayne Anderson Capital Advisors LP raised its stake in shares of First Trust New Opportunities MLP & Energy Fund by 17.5% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 53,700 shares of the investment management company’s stock worth $369,000 after acquiring an additional 8,000 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its position in shares of First Trust New Opportunities MLP & Energy Fund by 3.5% during the fourth quarter. CoreCap Advisors LLC now owns 273,675 shares of the investment management company’s stock worth $1,883,000 after purchasing an additional 9,260 shares in the last quarter.

First Trust New Opportunities MLP & Energy Fund Company Profile

First Trust New Opportunities MLP & Energy Fund is a closed-ended balanced 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 and fixed income markets of the United States. It seeks to invest in securities of companies operating in the energy and utilities sectors.