Ruggie Capital Group purchased a new position in First Trust New Opprtnts MLP & Engy Fd (NYSE:FPL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 17,000 shares of the investment management company’s stock, valued at approximately $224,000.
Separately, Nwam LLC bought a new position in shares of First Trust New Opprtnts MLP & Engy Fd during the second quarter worth $322,000.
First Trust New Opprtnts MLP & Engy Fd (NYSE:FPL) opened at 12.57 on Thursday. First Trust New Opprtnts MLP & Engy Fd has a one year low of $10.91 and a one year high of $14.23. The company has a 50 day moving average of $12.96 and a 200-day moving average of $13.27.
The company also recently announced a aug 17 dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Thursday, August 3rd will be given a $0.105 dividend. The ex-dividend date of this dividend is Tuesday, August 1st. This represents a yield of 9.61%.
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First Trust New Opprtnts MLP & Engy Fd Company Profile
First Trust New Opportunities MLP & Energy Fund is a non-diversified, closed-end management investment company. The Fund’s investment objective is to seek a high level of total return with an emphasis on current distributions paid to common shareholders. The Fund seeks to provide its common shareholders with a vehicle to invest in a portfolio of cash generating securities, with a focus on investing in master limited partnerships (MLPs) and MLP-related entities in the energy sector and energy utilities industries that are weighted towards non-cyclical, fee-for-service revenues.
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