Jacobus Wealth Management buys $6.2 Million stake in First Trust MLP and Energy Income Fund (FEI)

First Trust MLP and Energy Income Fund (FEI) : Jacobus Wealth Management scooped up 19,093 additional shares in First Trust MLP and Energy Income Fund during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 23, 2016. The investment management firm now holds a total of 411,728 shares of First Trust MLP and Energy Income Fund which is valued at $6.2 Million.First Trust MLP and Energy Income Fund makes up approximately 1.76% of Jacobus Wealth Management’s portfolio.

Other Hedge Funds, Including , Tower Research Capital (trc) reduced its stake in FEI by selling 2,467 shares or 93.2% in the most recent quarter. The Hedge Fund company now holds 180 shares of FEI which is valued at $2,680. Mraz Amerine Associates added FEI to its portfolio by purchasing 1,000 company shares during the most recent quarter which is valued at $14,890. First Trust MLP and Energy Income Fund makes up approx 0.01% of Mraz Amerine Associates’s portfolio.Bokf Na boosted its stake in FEI in the latest quarter, The investment management firm added 5,104 additional shares and now holds a total of 20,869 shares of First Trust MLP and Energy Income Fund which is valued at $300,722. First Trust MLP and Energy Income Fund makes up approx 0.01% of Bokf Na’s portfolio. Krilogy Financial added FEI to its portfolio by purchasing 4,720 company shares during the most recent quarter which is valued at $68,015. First Trust MLP and Energy Income Fund makes up approx 0.03% of Krilogy Financial’s portfolio.

First Trust MLP and Energy Income Fund (the Fund) is a non-diversified closed-end management investment company. The Fund’s investment objective is to seek a high level of total return with an emphasis on current distributions paid to common shareholders. The Fund will seek to provide its common shareholders with a vehicle to invest in a portfolio of cash-generating securities with a focus on investing in publicly traded master limited partnerships (MLPs) and MLP-related entities in the energy sector and energy utilities industries. The Fund invests in industries such as Pipelines Electric Power Propane Coal Natural Gas Utility Marine Transportation and Gathering and Processing. The Fund’s investment advisor is First Trust Advisors L.P.

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