First Trust New Opprtnts MLP & Engy Fd (FPL) Sets New 52-Week Low at $8.38

First Trust New Opprtnts MLP & Engy Fd (NYSE:FPL)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $8.38 and last traded at $8.39, with a volume of 1200 shares changing hands. The stock had previously closed at $8.57.

The company also recently disclosed a dividend, which will be paid on Monday, December 17th. Investors of record on Tuesday, December 4th will be paid a dividend of $0.075 per share. The ex-dividend date is Monday, December 3rd.

In other news, insider James Murchie acquired 10,000 shares of First Trust New Opprtnts MLP & Engy Fd stock in a transaction that occurred on Wednesday, September 26th. The shares were acquired at an average price of $9.40 per share, with a total value of $94,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

A number of hedge funds have recently modified their holdings of FPL. CWM LLC acquired a new position in First Trust New Opprtnts MLP & Engy Fd during the third quarter worth approximately $106,000. Wedbush Securities Inc. acquired a new position in First Trust New Opprtnts MLP & Engy Fd during the second quarter worth approximately $127,000. Ruggie Capital Group acquired a new position in First Trust New Opprtnts MLP & Engy Fd during the second quarter worth approximately $176,000. ACG Wealth acquired a new position in First Trust New Opprtnts MLP & Engy Fd during the second quarter worth approximately $199,000. Finally, LLBH Private Wealth Management LLC acquired a new position in First Trust New Opprtnts MLP & Engy Fd during the second quarter worth approximately $260,000.

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First Trust New Opprtnts MLP & Engy Fd Company Profile (NYSE:FPL)

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.

Further Reading: How are Outstanding Shares Different from Authorized Shares?

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