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FEI - Evaluating Closed-End Funds: FEI Lost Its Sector Lead
June, 30 2021 08:13 AM
First Trust MLP and Energy Income Fund of Beneficial Interest
First Trust MLP&Energy Income Fund's 7.68% looks like an attractive yield from a monthly payer if the distribution can be sustained. I continue my series on CEFs looking beyond the yield. NAV has increased over the last year, and the distribution was fully covered for the year. FEI hasn't produced more income or more return than the index and has lagged behind its peers, while not a poor investment there are better choices. For further details see:
Evaluating Closed-End Funds: FEI Lost Its Sector Lead
Stock Information
Company Name:
First Trust MLP and Energy Income Fund of Beneficial Interest
Stock Symbol:
FEI
Market:
NYSE
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