First Trust Energy Infrastructure Fund (NYSE:FIF) Share Price Passes Above 200 Day Moving Average of $16.65

First Trust Energy Infrastructure Fund (NYSE:FIF)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.65 and traded as high as $18.22. First Trust Energy Infrastructure Fund shares last traded at $18.09, with a volume of 117,138 shares trading hands.

First Trust Energy Infrastructure Fund Trading Up 0.1 %

The business’s 50-day moving average is $17.74 and its 200-day moving average is $16.68.

First Trust Energy Infrastructure Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, May 2nd. Investors of record on Monday, April 29th were paid a dividend of $0.15 per share. This represents a $1.80 annualized dividend and a yield of 9.94%. The ex-dividend date was Friday, April 26th. This is an increase from First Trust Energy Infrastructure Fund’s previous monthly dividend of $0.10.

Hedge Funds Weigh In On First Trust Energy Infrastructure Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FIF. Benjamin F. Edwards & Company Inc. grew its position in First Trust Energy Infrastructure Fund by 1,025.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,250 shares of the investment management company’s stock valued at $37,000 after purchasing an additional 2,050 shares in the last quarter. NBC Securities Inc. bought a new stake in First Trust Energy Infrastructure Fund during the 3rd quarter worth about $46,000. Spire Wealth Management boosted its stake in shares of First Trust Energy Infrastructure Fund by 78.5% during the 1st quarter. Spire Wealth Management now owns 5,263 shares of the investment management company’s stock worth $96,000 after buying an additional 2,314 shares during the last quarter. West Branch Capital LLC bought a new position in shares of First Trust Energy Infrastructure Fund in the 1st quarter valued at about $107,000. Finally, Moors & Cabot Inc. acquired a new stake in shares of First Trust Energy Infrastructure Fund in the third quarter valued at about $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.