First Trust Energy Income and Growth Fund (NYSEAMERICAN:FEN) Stock Passes Above 50 Day Moving Average – Should You Sell?

First Trust Energy Income and Growth Fund (NYSEAMERICAN:FEN)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.00 and traded as high as $16.13. First Trust Energy Income and Growth Fund shares last traded at $16.00, with a volume of 96,400 shares changing hands.

First Trust Energy Income and Growth Fund Stock Performance

Institutional Inflows and Outflows

An institutional investor recently raised its position in First Trust Energy Income and Growth Fund stock. Advisors Asset Management Inc. grew its position in shares of First Trust Energy Income and Growth Fund (NYSEAMERICAN:FEN) by 0.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 515,398 shares of the company’s stock after acquiring an additional 1,776 shares during the quarter. Advisors Asset Management Inc.’s holdings in First Trust Energy Income and Growth Fund were worth $8,422,000 at the end of the most recent reporting period.

First Trust Energy Income and Growth Fund Company Profile

First Trust Energy Income and Growth Fund is a closed-ended equity 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 markets of the United States. It seeks to invest in stocks of companies operating in the energy sector, including companies in the business of transporting, processing, storing, distributing, or marketing natural gas, natural gas liquids (including propane), crude oil, refined petroleum products, coal or electricity, or exploring, developing, managing or producing such commodities or products, or in supplying energy-related products and services.