First Trust New Opportunities MLP & Energy Fund (NYSE:FPL) Share Price Crosses Above 50 Day Moving Average of $7.30

First Trust New Opportunities MLP & Energy Fund (NYSE:FPL) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $7.30 and traded as high as $7.67. First Trust New Opportunities MLP & Energy Fund shares last traded at $7.61, with a volume of 78,301 shares trading hands.

First Trust New Opportunities MLP & Energy Fund Stock Performance

The business’s 50 day simple moving average is $7.30 and its two-hundred day simple moving average is $6.94.

First Trust New Opportunities MLP & Energy Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.038 per share. This is an increase from First Trust New Opportunities MLP & Energy Fund’s previous monthly dividend of $0.04. The ex-dividend date was Monday, April 1st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 5.99%. First Trust New Opportunities MLP & Energy Fund’s payout ratio is presently 10.16%.

Institutional Investors Weigh In On First Trust New Opportunities MLP & Energy Fund

A number of hedge funds have recently modified their holdings of the business. Atria Wealth Solutions Inc. grew its position in shares of First Trust New Opportunities MLP & Energy Fund by 20.0% during the 4th quarter. Atria Wealth Solutions Inc. now owns 13,781 shares of the investment management company’s stock valued at $83,000 after acquiring an additional 2,295 shares during the period. B. Riley Wealth Advisors Inc. grew its position in shares of First Trust New Opportunities MLP & Energy Fund by 5.8% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 64,000 shares of the investment management company’s stock valued at $387,000 after acquiring an additional 3,500 shares during the period. Raymond James & Associates grew its position in shares of First Trust New Opportunities MLP & Energy Fund by 2.2% during the 1st quarter. Raymond James & Associates now owns 161,592 shares of the investment management company’s stock valued at $1,020,000 after acquiring an additional 3,548 shares during the period. UBS Group AG grew its position in shares of First Trust New Opportunities MLP & Energy Fund by 10.7% during the 4th quarter. UBS Group AG now owns 42,465 shares of the investment management company’s stock valued at $257,000 after acquiring an additional 4,107 shares during the period. Finally, Royal Bank of Canada grew its position in shares of First Trust New Opportunities MLP & Energy Fund by 10.2% during the 3rd quarter. Royal Bank of Canada now owns 56,922 shares of the investment management company’s stock valued at $312,000 after acquiring an additional 5,257 shares during the period.

About First Trust New Opportunities MLP & Energy Fund

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.