First Trust MLP and Energy Income Fund (NYSE:FEI) Shares Up 0.4%

First Trust MLP and Energy Income Fund (NYSE:FEI) shares rose 0.4% during mid-day trading on Wednesday . The stock traded as high as $9.81 and last traded at $9.79. Approximately 57,454 shares traded hands during trading, a decline of 54% from the average daily volume of 123,636 shares. The stock had previously closed at $9.76.

First Trust MLP and Energy Income Fund Stock Performance

The firm’s 50 day simple moving average is $9.35 and its 200-day simple moving average is $8.78.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Anfield Capital Management LLC raised its holdings in First Trust MLP and Energy Income Fund by 0.9% in the third quarter. Anfield Capital Management LLC now owns 327,603 shares of the company’s stock valued at $2,591,000 after acquiring an additional 2,896 shares in the last quarter. Verity Asset Management Inc. raised its holdings in shares of First Trust MLP and Energy Income Fund by 12.4% during the fourth quarter. Verity Asset Management Inc. now owns 31,513 shares of the company’s stock worth $270,000 after purchasing an additional 3,480 shares during the period. Cambridge Advisors Inc. raised its holdings in shares of First Trust MLP and Energy Income Fund by 1.5% during the first quarter. Cambridge Advisors Inc. now owns 242,493 shares of the company’s stock worth $2,345,000 after purchasing an additional 3,659 shares during the period. Atria Wealth Solutions Inc. raised its holdings in shares of First Trust MLP and Energy Income Fund by 19.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 31,000 shares of the company’s stock worth $266,000 after purchasing an additional 5,000 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of First Trust MLP and Energy Income Fund during the first quarter worth $53,000.

About First Trust MLP and Energy Income Fund

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