First Trust Enhanced Equity Income Fund (NYSE:FFA) Shares Up 0.1%

First Trust Enhanced Equity Income Fund (NYSE:FFA)’s share price shot up 0.1% during mid-day trading on Monday . The stock traded as high as $16.22 and last traded at $16.16, 770 shares changed hands during trading. A decline of 98% from the average session volume of 41,937 shares. The stock had previously closed at $16.14.

The business has a 50 day simple moving average of $15.86.

Institutional investors have recently added to or reduced their stakes in the stock. Laurel Wealth Advisors Inc. purchased a new stake in First Trust Enhanced Equity Income Fund during the 1st quarter worth $174,000. Smart Money Group LLC increased its stake in First Trust Enhanced Equity Income Fund by 1.8% during the 2nd quarter. Smart Money Group LLC now owns 174,096 shares of the company’s stock worth $2,784,000 after buying an additional 3,156 shares during the period. North Star Investment Management Corp. increased its stake in First Trust Enhanced Equity Income Fund by 0.6% during the 2nd quarter. North Star Investment Management Corp. now owns 248,847 shares of the company’s stock worth $3,979,000 after buying an additional 1,537 shares during the period. Finally, Exeter Financial LLC bought a new stake in shares of First Trust Enhanced Equity Income Fund in the 2nd quarter worth about $4,951,000.

First Trust Enhanced Equity Income Fund Company Profile (NYSE:FFA)

First Trust Enhanced Equity Income Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Chartwell Investment Partners, L.P. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across the diversified sectors.

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