First Trust New Opprtnts MLP & Engy Fd (NYSE:FPL) Trading Down 0.7%

First Trust New Opprtnts MLP & Engy Fd (NYSE:FPL) shares dropped 0.7% during mid-day trading on Thursday . The company traded as low as $8.25 and last traded at $8.25, 7,290 shares were traded during mid-day trading. A decline of 94% from the average session volume of 121,490 shares. The stock had previously closed at $8.31.

The company’s 50 day simple moving average is $8.55 and its 200 day simple moving average is $9.07.

The business also recently disclosed a dividend, which will be paid on Monday, December 16th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.075 per share. The ex-dividend date is Monday, December 2nd.

Several institutional investors have recently modified their holdings of FPL. Kayne Anderson Capital Advisors LP lifted its holdings in shares of First Trust New Opprtnts MLP & Engy Fd by 14.7% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 255,400 shares of the investment management company’s stock valued at $2,382,000 after purchasing an additional 32,700 shares during the last quarter. Cambridge Advisors Inc. increased its position in First Trust New Opprtnts MLP & Engy Fd by 29.6% during the third quarter. Cambridge Advisors Inc. now owns 26,975 shares of the investment management company’s stock worth $252,000 after buying an additional 6,157 shares during the period. Thomasville National Bank purchased a new stake in First Trust New Opprtnts MLP & Engy Fd in the third quarter valued at approximately $93,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in First Trust New Opprtnts MLP & Engy Fd by 3.4% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 35,252 shares of the investment management company’s stock valued at $333,000 after buying an additional 1,145 shares during the last quarter. Finally, Invesco Ltd. acquired a new stake in shares of First Trust New Opprtnts MLP & Engy Fd in the second quarter valued at approximately $157,000.

First Trust New Opprtnts MLP & Engy Fd Company Profile (NYSE:FPL)

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.

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