Hochman Cole Investment Advisors buys $1,281,344 stake in First Trust Energy Income & Growth Fund (FEN)

First Trust Energy Income & Growth Fund (FEN) : Hochman Cole Investment Advisors scooped up 4,128 additional shares in First Trust Energy Income & Growth Fund during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 11, 2016. The investment management firm now holds a total of 56,422 shares of First Trust Energy Income & Growth Fund which is valued at $1,281,344.First Trust Energy Income & Growth Fund makes up approximately 1.08% of Hochman Cole Investment Advisors’s portfolio.

Other Hedge Funds, Including , Creative Planning boosted its stake in FEN in the latest quarter, The investment management firm added 284 additional shares and now holds a total of 1,763 shares of First Trust Energy Income & Growth Fund which is valued at $40,214.

First Trust Energy Income and Growth Fund (the Fund) is a non-diversified closed-end management investment company. The Fund’s investment objective is to seek a high level of after-tax total return with an emphasis on current distributions paid to shareholders. It seeks to provide its shareholders with a vehicle to invest in a portfolio of cash-generating securities of energy companies. It focuses on investing in publicly traded master limited partnerships (MLPs) and related public entities in the energy sector. It invests at least 85% of its managed assets in securities issued by energy companies energy sector MLPs and MLP-related entities and at least 65% of its managed assets in equity securities of MLPs and MLP-related entities. Its investments include a variety of industries such as pipelines electric power coal propane natural gas utility gathering and processing and marine transportation among others. Its investment advisor is First Trust Advisors L.P.

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