Ruggie Capital Group Invests $224,000 in First Trust New Opprtnts MLP & Engy Fd (FPL)
Ruggie Capital Group acquired a new position in shares of First Trust New Opprtnts MLP & Engy Fd (NYSE:FPL) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 17,000 shares of the investment management company’s stock, valued at approximately $224,000.
Separately, Nwam LLC purchased a new position in shares of First Trust New Opprtnts MLP & Engy Fd during the second quarter worth about $322,000.
First Trust New Opprtnts MLP & Engy Fd (FPL) opened at 12.57 on Thursday. First Trust New Opprtnts MLP & Engy Fd has a 12-month low of $10.91 and a 12-month high of $14.23. The stock has a 50 day moving average of $12.96 and a 200 day moving average of $13.27.
The business also recently declared a aug 17 dividend, which will be paid on Tuesday, August 15th. Investors of record on Thursday, August 3rd will be issued a $0.105 dividend. This represents a dividend yield of 9.61%. The ex-dividend date is Tuesday, August 1st.
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About First Trust New Opprtnts MLP & Engy Fd
First Trust New Opportunities MLP & Energy Fund is a non-diversified, closed-end management investment company. The Fund’s investment objective is to seek a high level of total return with an emphasis on current distributions paid to common shareholders. The Fund seeks to provide its common shareholders with a vehicle to invest in a portfolio of cash generating securities, with a focus on investing in master limited partnerships (MLPs) and MLP-related entities in the energy sector and energy utilities industries that are weighted towards non-cyclical, fee-for-service revenues.
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