Llbh Private Wealth Management buys $8,596,954 stake in First Trust Energy Income & Growth Fund (FEN)

First Trust Energy Income & Growth Fund (FEN) : Llbh Private Wealth Management scooped up 13,712 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 Aug 15, 2016. The investment management firm now holds a total of 337,758 shares of First Trust Energy Income & Growth Fund which is valued at $8,596,954.First Trust Energy Income & Growth Fund makes up approximately 4.09% of Llbh Private Wealth Management’s portfolio.

Other Hedge Funds, Including , Entrustpermal Management sold out all of its stake in FEN during the most recent quarter. The investment firm sold 97,188 shares of FEN which is valued $2,473,726.Boston Financial Mangement boosted its stake in FEN in the latest quarter, The investment management firm added 3,882 additional shares and now holds a total of 65,805 shares of First Trust Energy Income & Growth Fund which is valued at $1,674,935. First Trust Energy Income & Growth Fund makes up approx 0.13% of Boston Financial Mangement’s portfolio.Riggs Asset Managment boosted its stake in FEN in the latest quarter, The investment management firm added 101,018 additional shares and now holds a total of 210,973 shares of First Trust Energy Income & Growth Fund which is valued at $5,445,213. First Trust Energy Income & Growth Fund makes up approx 2.78% of Riggs Asset Managment’s portfolio.David R. Rahn Associates boosted its stake in FEN in the latest quarter, The investment management firm added 26,315 additional shares and now holds a total of 145,796 shares of First Trust Energy Income & Growth Fund which is valued at $3,733,836. First Trust Energy Income & Growth Fund makes up approx 2.87% of David R. Rahn Associates’s portfolio.Hochman Cole Investment Advisors reduced its stake in FEN by selling 1,294 shares or 2.29% in the most recent quarter. The Hedge Fund company now holds 55,128 shares of FEN which is valued at $1,412,931. First Trust Energy Income & Growth Fund makes up approx 1.12% of Hochman Cole Investment Advisors’s portfolio.

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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