First Trust MLP and Energy Income Fund (FEI) To Go Ex-Dividend on February 1st

First Trust MLP and Energy Income Fund (NYSE:FEI – Get Rating) declared a monthly dividend on Monday, January 23rd, Zacks reports. Shareholders of record on Thursday, February 2nd will be paid a dividend of 0.05 per share on Wednesday, February 15th. This represents a $0.60 annualized dividend and a yield of 7.31%. The ex-dividend date of this dividend is Wednesday, February 1st.

First Trust MLP and Energy Income Fund has decreased its dividend payment by an average of 20.6% per year over the last three years.

First Trust MLP and Energy Income Fund Price Performance

Shares of FEI opened at $8.21 on Wednesday. First Trust MLP and Energy Income Fund has a 1 year low of $7.02 and a 1 year high of $8.81. The company’s 50-day simple moving average is $7.90 and its 200-day simple moving average is $7.88.

Institutional Trading of First Trust MLP and Energy Income Fund

Several hedge funds have recently made changes to their positions in FEI. Cetera Advisor Networks LLC lifted its position in shares of First Trust MLP and Energy Income Fund by 14.9% during the first quarter. Cetera Advisor Networks LLC now owns 14,179 shares of the company’s stock worth $117,000 after purchasing an additional 1,836 shares in the last quarter. Cetera Investment Advisers acquired a new stake in First Trust MLP and Energy Income Fund in the first quarter valued at approximately $101,000. Quantedge Capital Pte Ltd raised its holdings in First Trust MLP and Energy Income Fund by 148.5% in the first quarter. Quantedge Capital Pte Ltd now owns 89,518 shares of the company’s stock valued at $739,000 after acquiring an additional 53,497 shares in the last quarter. Wetherby Asset Management Inc. acquired a new stake in First Trust MLP and Energy Income Fund in the first quarter valued at approximately $96,000. Finally, Royal Bank of Canada raised its holdings in First Trust MLP and Energy Income Fund by 15.4% in the first quarter. Royal Bank of Canada now owns 182,791 shares of the company’s stock valued at $1,509,000 after acquiring an additional 24,459 shares in the last quarter.

About First Trust MLP and Energy Income Fund

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First Trust MLP & Energy Income Fund is a non-diversified, closed-end management investment company, which invests in a portfolio of cash-generating securities, publicly traded master limited partnerships, and MLP-related entities in the energy sector and energy utility industries. It has an objective of seeking a level of total return with an emphasis on current distributions paid to common shareholders.