First Trust New Opprtnts MLP & Engy Fd (NYSE:FPL) insider John K. Tysseland purchased 1,000 shares of First Trust New Opprtnts MLP & Engy Fd stock in a transaction dated Friday, November 17th. The shares were purchased at an average price of $11.44 per share, with a total value of $11,440.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

First Trust New Opprtnts MLP & Engy Fd (NYSE FPL) traded up $0.07 on Friday, hitting $11.42. 147,221 shares of the stock were exchanged, compared to its average volume of 120,589. First Trust New Opprtnts MLP & Engy Fd has a 12-month low of $10.93 and a 12-month high of $14.23.

The company also recently declared a nov 17 dividend, which was paid on Wednesday, November 15th. Stockholders of record on Thursday, November 2nd were given a dividend of $0.105 per share. The ex-dividend date was Wednesday, November 1st. This represents a dividend yield of 10.38%.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stifel Financial Corp purchased a new position in shares of First Trust New Opprtnts MLP & Engy Fd during the 3rd quarter valued at $144,000. BB&T Securities LLC grew its position in shares of First Trust New Opprtnts MLP & Engy Fd by 11.4% during the 3rd quarter. BB&T Securities LLC now owns 100,388 shares of the investment management company’s stock valued at $1,265,000 after purchasing an additional 10,300 shares in the last quarter. Tiedemann Wealth Management LLC purchased a new position in shares of First Trust New Opprtnts MLP & Engy Fd during the 3rd quarter valued at $132,000. Citadel Advisors LLC purchased a new position in First Trust New Opprtnts MLP & Engy Fd in the third quarter worth $149,000. Finally, Advisors Asset Management Inc. grew its position in First Trust New Opprtnts MLP & Engy Fd by 7.1% in the third quarter. Advisors Asset Management Inc. now owns 895,191 shares of the investment management company’s stock worth $11,306,000 after acquiring an additional 59,732 shares in the last quarter.

First Trust New Opprtnts MLP & Engy Fd Company Profile

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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