FEI - Watch for Continued Gains in Shares of First Trust MLP and Energy Income Fund of Beneficial Interest (FEI)
First Trust MLP and Energy Income Fund of Beneficial Interest (NYSE:FEI) traded today at a new 52-week high of $7.58. This new high was reached on below average trading volume as 61,000 shares traded hands, while the average 30-day volume is approximately 165,000 shares.
In the past 52 weeks, shares of First Trust MLP and Energy Income Fund of Beneficial Interest have traded between a low of $4.50 and a high of $7.58 and is now at $7.58, which is 68% above that low price.
Based on a current price of $7.58, First Trust MLP and Energy Income Fund of Beneficial Interest is currently 2.3% above its average consensus analyst price target of $7.41.
First Trust MLP and Energy Income Fund is a closed-end management investment company. Its focus is on investing in the publicly traded master limited partnerships(MLP) related entities, and other companies in the energy sector and energy utility industries. Its investment objective is to seek a high level of total return with an emphasis on current distributions paid to common shareholders.
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