First Trust Energy Income & Growth Fund (NYSEAMERICAN:FEN) shares dropped 0.5% during mid-day trading on Tuesday . The stock traded as low as $20.14 and last traded at $20.19, approximately 4,717 shares were traded during mid-day trading. A decline of 94% from the average daily volume of 78,572 shares. The stock had previously closed at $20.29.

Hedge funds have recently bought and sold shares of the company. Quad Cities Investment Group LLC boosted its stake in shares of First Trust Energy Income & Growth Fund by 7.2% during the third quarter. Quad Cities Investment Group LLC now owns 8,266 shares of the company’s stock valued at $187,000 after purchasing an additional 558 shares in the last quarter. Smith Moore & CO. increased its stake in shares of First Trust Energy Income & Growth Fund by 2.0% in the second quarter. Smith Moore & CO. now owns 35,415 shares of the company’s stock valued at $790,000 after buying an additional 700 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of First Trust Energy Income & Growth Fund by 4.6% in the third quarter. Janney Montgomery Scott LLC now owns 22,972 shares of the company’s stock valued at $521,000 after buying an additional 1,001 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in First Trust Energy Income & Growth Fund by 12.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 12,044 shares of the company’s stock valued at $269,000 after buying an additional 1,361 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in First Trust Energy Income & Growth Fund by 3.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 45,088 shares of the company’s stock valued at $1,006,000 after buying an additional 1,425 shares during the last quarter.

First Trust Energy Income & Growth Fund Company Profile (NYSEAMERICAN:FEN)

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.

See Also: Retained Earnings

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