FPL - First Trust New Opportunities MLP & Energy Fund of Beneficial Interest Looks to Continue to Trade Above its Annual-High Share Price Today
First Trust New Opportunities MLP & Energy Fund of Beneficial Interest (NYSE:FPL) traded today at a new 52-week high of $5.79. So far today approximately 145,000 shares have been exchanged, as compared to an average 30-day volume of 140,000 shares.
First Trust New Opportunities MLP & Energy Fund is a non-diversified, closed-end management investment company. Its investment objective is to seek a high level of total return with an emphasis on current distributions paid to common shareholders. The fund invests in various industries, including pipelines, electric power, natural gas utility, coal, and others.
In the past 52 weeks, shares of First Trust New Opportunities MLP & Energy Fund of Beneficial Interest have traded between a low of $3.43 and a high of $5.79 and is now at $5.73, which is 67% above that low price.
Based on a current price of $5.73, First Trust New Opportunities MLP & Energy Fund of Beneficial Interest is currently 2.3% above its average consensus analyst price target of $5.60.
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