First Trust Energy Infrastructure Fund (NYSE:FIF) Stock Crosses Above 200-Day Moving Average of $16.65

First Trust Energy Infrastructure Fund (NYSE:FIF) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

First Trust Energy Infrastructure Fund Trading Up 0.1 %

The business has a fifty day simple moving average of $17.74 and a 200 day simple moving average of $16.68.

First Trust Energy Infrastructure Fund Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, May 2nd. Shareholders of record on Monday, April 29th were issued a $0.15 dividend. The ex-dividend date was Friday, April 26th. This represents a $1.80 dividend on an annualized basis and a yield of 9.94%. This is a positive change 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 bought and sold shares of the business. Benjamin F. Edwards & Company Inc. increased its stake in shares of First Trust Energy Infrastructure Fund by 1,025.0% in the 4th 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 during the last quarter. NBC Securities Inc. purchased a new stake in shares of First Trust Energy Infrastructure Fund in the 3rd quarter valued at approximately $46,000. Spire Wealth Management increased its holdings 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 purchased a new stake in shares of First Trust Energy Infrastructure Fund during the 1st quarter valued at approximately $107,000. Finally, Moors & Cabot Inc. acquired a new position in First Trust Energy Infrastructure Fund in the third quarter valued at approximately $186,000.

About First Trust Energy Infrastructure Fund

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.