Advisors Asset Management Inc. Buys 65,553 Shares of First Trust New Opprtnts MLP & Engy Fd (NYSE:FPL)

Advisors Asset Management Inc. raised its stake in First Trust New Opprtnts MLP & Engy Fd (NYSE:FPL) by 14.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 517,516 shares of the investment management company’s stock after purchasing an additional 65,553 shares during the quarter. Advisors Asset Management Inc.’s holdings in First Trust New Opprtnts MLP & Engy Fd were worth $4,828,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Coastal Bridge Advisors LLC grew its stake in First Trust New Opprtnts MLP & Engy Fd by 21.3% in the fourth quarter. Coastal Bridge Advisors LLC now owns 385,519 shares of the investment management company’s stock valued at $3,597,000 after purchasing an additional 67,738 shares in the last quarter. Advisor Group Inc. boosted its stake in shares of First Trust New Opprtnts MLP & Engy Fd by 150.9% during the 4th quarter. Advisor Group Inc. now owns 238,585 shares of the investment management company’s stock worth $2,226,000 after acquiring an additional 143,488 shares during the period. J.W. Cole Advisors Inc. bought a new position in shares of First Trust New Opprtnts MLP & Engy Fd during the 4th quarter worth approximately $1,165,000. Guggenheim Capital LLC boosted its stake in shares of First Trust New Opprtnts MLP & Engy Fd by 32.4% during the 4th quarter. Guggenheim Capital LLC now owns 95,652 shares of the investment management company’s stock worth $892,000 after acquiring an additional 23,399 shares during the period. Finally, UBS Group AG boosted its stake in shares of First Trust New Opprtnts MLP & Engy Fd by 7.2% during the 4th quarter. UBS Group AG now owns 74,558 shares of the investment management company’s stock worth $696,000 after acquiring an additional 4,992 shares during the period.

Shares of NYSE FPL opened at $3.77 on Thursday. First Trust New Opprtnts MLP & Engy Fd has a 12 month low of $2.60 and a 12 month high of $10.00. The stock has a 50 day moving average of $7.14 and a 200-day moving average of $8.49.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be paid a dividend of $0.075 per share. The ex-dividend date is Wednesday, April 1st. This represents a $0.90 annualized dividend and a dividend yield of 23.87%.

First Trust New Opprtnts MLP & Engy Fd Profile

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.

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Institutional Ownership by Quarter for First Trust New Opprtnts MLP & Engy Fd (NYSE:FPL)

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