First Trust New Opportunities MLP & Energy Fund (FPL) To Go Ex-Dividend on February 1st

First Trust New Opportunities MLP & Energy Fund (NYSE:FPL – Get Rating) announced a monthly dividend on Monday, January 23rd, Zacks reports. Stockholders of record on Thursday, February 2nd will be given a dividend of 0.038 per share by the investment management company on Wednesday, February 15th. This represents a $0.46 annualized dividend and a dividend yield of 7.19%. The ex-dividend date of this dividend is Wednesday, February 1st. This is an increase from First Trust New Opportunities MLP & Energy Fund’s previous monthly dividend of $0.04.

First Trust New Opportunities MLP & Energy Fund has decreased its dividend by an average of 20.6% per year over the last three years.

First Trust New Opportunities MLP & Energy Fund Stock Performance

FPL stock opened at $6.34 on Wednesday. The stock’s fifty day simple moving average is $6.13 and its 200-day simple moving average is $6.06. First Trust New Opportunities MLP & Energy Fund has a 52-week low of $5.35 and a 52-week high of $6.78.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in First Trust New Opportunities MLP & Energy Fund in the first quarter valued at about $64,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of First Trust New Opportunities MLP & Energy Fund during the first quarter worth about $77,000. UBS Group AG increased its position in shares of First Trust New Opportunities MLP & Energy Fund by 69.4% during the first quarter. UBS Group AG now owns 21,312 shares of the investment management company’s stock worth $134,000 after acquiring an additional 8,733 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of First Trust New Opportunities MLP & Energy Fund during the second quarter worth about $170,000. Finally, Lido Advisors LLC purchased a new stake in shares of First Trust New Opportunities MLP & Energy Fund during the first quarter worth about $259,000.

About First Trust New Opportunities MLP & Energy Fund

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First Trust New Opportunities MLP & Energy Fund is a closed-end investment fund, which engages in seeking a high level of total return with an emphasis on current distributions paid to common shareholders. The company was founded on October 15, 2013 and is headquartered in Wheaton, IL.