First Trust Energy Income and Growth Fund

First Trust Energy Income & Growth Fund is a non-diversified, closed-end management investment company. Its investment objective is to seek after-tax total return with an emphasis on current distributions paid to shareholders. The company seeks to provide its shareholders with a vehicle to invest in a portfolio of cash-generating securities of energy companies. First Trust Energy Income & Growth Fund was founded on March 25, 2004 and is headquartered in Wilton. CT.

First Trust Energy Income & Growth Fund is closed-end management investment company. It engages in seeking after-tax total return with an emphasis on current distributions paid to shareholders. The firm is also involved in the providing its shareholders with a vehicle to invest in a portfolio of cash-generating securities of energy companies. The company was founded on March 25, 2004 and is headquartered in Wilton. CT.

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Energy Income and Growth Fund (the "Fund") (NYSE American: FEN) has increased its regularly scheduled quarterly distribution to $0.40 per share from $0.30 per share The distribution will be payable on April 30, 2024, to shareholders of record as of April 23, 2024. The ex-dividend date is expected to be April 22, 2024. The quarterly distribution information for the Fund appears below. First Trust Energy Income and Growth Fund (FEN): Distribution per sh.

First Trust Energy Income and Growth Fund Increases its Quarterly Distribution to $0.40 Per Share

First Trust Energy Income and Growth Fund offers investors a way to add midstream partnerships to retirement accounts without tax complications. The fund has historically performed well and did not decline as much as other midstream funds during the COVID-19 pandemic. However, the fund's current yield of 7.43% is lower than some other options in the space.

FEN: Impending ETF Conversion Makes This Fund A Good Short-Term Play

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5 out of 22 closed-end fund sectors positive on price and 1 out of 22 sectors positive on NAV. Saba targets BSTZ, while PDX moves to a monthly distribution. First Trust MLP CEF mergers are approved by shareholders.

Weekly CEF Roundup: First Trust MLP CEF Mergers Approved, Saba Buys BSTZ, PDX Goes Monthly

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Markets were flat, but upcoming events like the jobs report, PMIs, and ECB meeting are important.

Weekly CEF Commentary | March 3, 2024 | PDX Makes The Change

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that shareholders of First Trust Energy Income and Growth Fund (NYSE American: FEN), First Trust MLP and Energy Income Fund (NYSE: FEI), First Trust New Opportunities MLP & Energy Fund (NYSE: FPL) and First Trust Energy Infrastructure Fund (NYSE: FIF) (the “Target Funds” or each, individually, a “Target Fund”), each a closed-end management investment company managed by FTA and sub-advised by Energy Income Part.

First Trust Announces Shareholder Approvals of the Mergers

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that the joint special meeting of shareholders of First Trust Energy Income and Growth Fund (NYSE American: FEN), First Trust MLP and Energy Income Fund (NYSE: FEI), First Trust New Opportunities MLP & Energy Fund (NYSE: FPL) and First Trust Energy Infrastructure Fund (NYSE: FIF) (the “Target Funds” or each, individually, a “Target Fund”) held on February 20, 2024 has been adjourned in order to permit addition.

First Trust Announces Adjournment of Joint Special Meeting of Shareholders

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Energy Income and Growth Fund (the "Fund") (NYSE American: FEN) has declared the Fund's regularly scheduled quarterly distribution of $0.30 per share. The distribution will be payable on January 31, 2024, to shareholders of record as of January 23, 2024. The ex-dividend date is expected to be January 22, 2024. The quarterly distribution information for the Fund appears below. First Trust Energy Income and Growth Fund (FEN): Distribution per share: $0.

First Trust Energy Income and Growth Fund Declares its Quarterly Distribution of $0.30 Per Share

The First Trust Energy Income and Growth Fund offers investors an easy way to add midstream corporations and master limited partnerships to retirement accounts. The FEN closed-end fund provides a reasonably attractive 8.26% yield, although there are other funds with higher yields available. The FEN fund's allocation to utilities and its performance since September make it an attractive option for risk-averse retirees.

FEN: This Energy Infrastructure Fund Still Looks Like A Good Buy Today

We review CEF market valuation and performance through the first week of November and highlight recent market action. CEFs experienced a rebound with all sectors rallying. REITs were in the lead with a nearly 14% gain. Several First Trust Energy/MLP CEFs have announced a merger into a new ETF which can drive both lower fees and discount amortization.

CEF Weekly Review: The Best Kind Of CEF Merger

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While the ETF industry didn't see over-the-top activity, the past week was fairly busy, with 11 new ETFs making their debut and six ETFs shutting down. Among the launches were two covered call funds from Goldman Sachs and a new fund from YieldMax that offers a covered call strategy tied to the stock of Moderna.

This Week in ETFs: 4 New Single-Stock Funds Debut

WHEATON, Ill.--(BUSINESS WIRE)--  First Trust Advisors Announces Fund Board Approval of Mergers of First Trust Energy Income and Growth Fund, First Trust MLP and Energy Income Fund, First Trust New Opportunities MLP & Energy Fund, and First Trust Energy Infrastructure Fund into First Trust Energy Income Partners Enhanced Income ETF First Trust Advisors L.P. (“FTA”) announced today that the Board of Trustees of each of First Trust Energy Income and Growth Fund (NYSE American: FEN), First Tru.

First Trust Advisors Announces Fund Board Approval of Mergers of First Trust Energy Income and Growth Fund, First Trust MLP and Energy Income Fund, First Trust New Opportunities MLP & Energy Fund, and First Trust Energy Infrastructure Fund

The First Trust Energy Income and Growth Fund is a closed-end fund that allows investors to include master limited partnerships in a retirement account without tax consequences. Despite underperforming similar funds from the same fund house, FEN remains popular among analysts and readers on Seeking Alpha. The fund's portfolio consists of common equities of midstream companies and offers an attractive yield of 8.71%, but its disappointing performance raises concerns.

FEN: This Popular MLP Fund Is A Chronic Underperformer

Energy consumption continues to grow exponentially as the world turns to Green Energy. The Green Revolution in energy is causing a boom in the natural gas sector. Power up your income stream with these two Energy Funds.

Bargain Alert! 2 'Monthly-Pay' Picks For High Income: FEN And FEI

The First Trust Energy Income & Growth ETF is a closed-end fund ("CEF") that focuses on publicly traded energy MLPs. FEN currently charges a total expense fee of 1.44%, which is arguably quite high despite the relatively high level of income and "managing away" the K-1 complications for investors.

FEN: 9% Yield From Energy Midstream MLPs Not Worth It

We had three funds that were different in name only. Moving between them was based primarily on where they traded relative to NAV.

FEN And FEI: The Trade Is Now Done

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Data aggregator websites such as Morningstar or CEFData are merely places to get initial ideas. With CEFs that can get rather niche and are actively managed, it becomes even more imperative as things change constantly.

Closed-End Funds: Misclassifications Can Lead To Misunderstanding

In light of dimming prospects for oil and gas, I've avoided adding funds that hold energy companies.

The Worst Sector For Income Investors To Buy In 2023

Three First Trust Funds are extremely similar and provide exposure to almost the same underlying holdings. We examine FEN and FEI today and give you our 2023 outlook.

Sell FEN And Buy FEI

FEN provides access to a very good portfolio of some of the best companies in the midstream sector. The closed-end fund has substantially underperformed the MLP index year-to-date.

FEN: Great CEF, But Price Is Too High For The Performance

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Now is an especially risky time to invest in oil

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Energy independence is a matter of national security for leading economies. Warren Buffett recognizes the rising global dependence on hydrocarbons.

Buffett Backs Up The Truck With Oil Stocks

The First Trust Energy Income & Growth fund is currently yielding 7.6%. The fund achieves that relatively high yield by holding a portfolio that includes many midstream MLPs that throw up high levels of distributable cash flow.

FEN: An Energy Income Fund Yielding 7.6%

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Worried about a repeat of the 1970s economy? Did you know that it was Warren Buffett's best decade ever? Simple goal-oriented methods are often the easiest and the most rewarding.

Buffett Buys Fear, 2 Great Dividends For A Retirement Dream

First Trust New Opportunities MLP & Energy Fund has done well since our last bullish call. The pricing has dropped on a relative basis to its sister fund, First Trust Energy Income & Growth Fund.

FPL: A Switch From FEN Makes Sense

Profit from high inflation by participating in the rising prices of vital commodities. Despite higher prices, energy is still the cheapest sector today. This means large capital gains and healthy dividends for long-term investors.

News for First Trust Energy Income and Growth Fund ETF (FEN)