FEI News and Press, First Trust MLP and Energy Income Fund of Beneficial Interest From 04/28/21

Shares of First Trust MLP and Energy Income Fund of Beneficial Interest (NYSE:FEI) traded at a new 52-week high today of $7.37. Approximately 102,000 shares have changed hands today, as compared to an average 30-day volume of 166,000 shares. First Trust MLP and Energy Income Fund is a cl...

Cost management and asset optimization helped partially offset macro headwinds in 2020, contributing to stable EBITDA and allowing excess cash flow to be used for debt reduction and in some cases, buybacks. While controlling costs helped many companies navigate market headwinds, some ...

First Trust MLP and Energy Income Fund of Beneficial Interest (NYSE:FEI) traded at a new 52-week high today of $7.30. This new high was reached on below average trading volume as 80,000 shares traded hands, while the average 30-day volume is approximately 167,000 shares. First Trust MLP ...

Midstream MLPs, as measured by the Solactive MLP Infrastructure Index, increased 8.33% last month. The index has increased by 100.36% since last March. The current yield on MLPs stands at 9.04%. The Enterprise Value to EBITDA ratio (EV-to-EBITDA), which seeks to provide more color...

First Trust MLP and Energy Income Fund (the "Fund") (NYSE: FEI) has declared the Fund’s monthly common share distributions for May, June and July of $0.05 per share for each month. The payable, record and expected ex-dividend dates, as well as the distribution per share amoun...

In March 2020, our suggestion was simple: Dump all your mega-caps holdings and buy the most beaten-up stuff. We thought that everything would do well (and it did), but we were almost certain that after losing 60%-90% of their value, smaller caps offer an opportunity of a lifetime. ...

Private equity activity in midstream has served as a catalyst for the space in the past, and a more stable macro environment could lead to additional transactions in 2021 after a relatively quiet 2020. Thus far in 2021, there have been some examples of private equity purchasing non-co...

For the fifth month in a row, equity CEFs on average posted positive returns, rising 2.77% on an NAV basis for March. While for the eleventh month in 12 fixed income CEFs posted plus-side returns (+0.45%). Twenty-four percent of all CEFs traded at a premium to their NAV, with 23% ...

Midstream companies have long been favorites of income investors due to their high yields and stable cash flows. FMO invests in a decent portfolio of midstream MLPs but it is a bit too heavily weighted to crude oil for my liking. Midstream fundamentals are quite strong, particular...

Midstream companies were devastated by the events of 2020, although their cash flows held up reasonably well. The inherent stability is due to their business model that is based around long-term fee-based contracts that are dependent on volumes and not resource prices. The long-te...