HITE Hedge Asset Management LLC Acquires New Holdings in First Trust New Opprtnts MLP & Engy Fd (NYSE:FPL)

HITE Hedge Asset Management LLC acquired a new stake in shares of First Trust New Opprtnts MLP & Engy Fd (NYSE:FPL) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 218,433 shares of the investment management company’s stock, valued at approximately $2,023,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Lindbrook Capital LLC bought a new position in shares of First Trust New Opprtnts MLP & Engy Fd in the fourth quarter worth $38,000. Advisor Group Inc. boosted its holdings in shares of First Trust New Opprtnts MLP & Engy Fd by 23.7% in the first quarter. Advisor Group Inc. now owns 7,509 shares of the investment management company’s stock worth $70,000 after acquiring an additional 1,440 shares during the period. Kayne Anderson Capital Advisors LP bought a new position in shares of First Trust New Opprtnts MLP & Engy Fd in the first quarter worth $92,000. Janney Montgomery Scott LLC bought a new position in shares of First Trust New Opprtnts MLP & Engy Fd in the first quarter worth $161,000. Finally, Wedbush Securities Inc. boosted its holdings in shares of First Trust New Opprtnts MLP & Engy Fd by 57.8% in the first quarter. Wedbush Securities Inc. now owns 19,337 shares of the investment management company’s stock worth $179,000 after acquiring an additional 7,083 shares during the period.

Shares of First Trust New Opprtnts MLP & Engy Fd stock traded down $0.05 during trading hours on Wednesday, reaching $9.08. The company had a trading volume of 1,352 shares, compared to its average volume of 126,866. First Trust New Opprtnts MLP & Engy Fd has a one year low of $6.93 and a one year high of $11.06.

The business also recently declared a monthly dividend, which will be paid on Monday, June 17th. Stockholders of record on Tuesday, June 4th will be issued a $0.075 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 9.91%. The ex-dividend date of this dividend is Monday, June 3rd.

ILLEGAL ACTIVITY WARNING: “HITE Hedge Asset Management LLC Acquires New Holdings in First Trust New Opprtnts MLP & Engy Fd (NYSE:FPL)” was originally published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://www.thelincolnianonline.com/2019/06/12/hite-hedge-asset-management-llc-acquires-new-holdings-in-first-trust-new-opprtnts-mlp-engy-fd-nysefpl.html.

First Trust New Opprtnts MLP & Engy Fd Company 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.

Featured Article: What are the benefits of investing in REITs?

Want to see what other hedge funds are holding FPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust New Opprtnts MLP & Engy Fd (NYSE:FPL).

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

Receive News & Ratings for First Trust New Opprtnts MLP & Engy Fd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust New Opprtnts MLP & Engy Fd and related companies with MarketBeat.com's FREE daily email newsletter.