Monroe Bank Trustmi buys $1,810,828 stake in First Trust Energy Income & Growth Fund (FEN)

First Trust Energy Income & Growth Fund (FEN) : Monroe Bank Trustmi scooped up 22,783 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 10, 2016. The investment management firm now holds a total of 71,144 shares of First Trust Energy Income & Growth Fund which is valued at $1,810,828.First Trust Energy Income & Growth Fund makes up approximately 0.60% of Monroe Bank Trustmi’s portfolio.

Other Hedge Funds, Including , Tower Research Capital (trc) sold out all of its stake in FEN during the most recent quarter. The investment firm sold 200 shares of FEN which is valued $5,091.Jacobus Wealth Management boosted its stake in FEN in the latest quarter, The investment management firm added 950 additional shares and now holds a total of 167,200 shares of First Trust Energy Income & Growth Fund which is valued at $4,186,688. First Trust Energy Income & Growth Fund makes up approx 1.24% of Jacobus Wealth Management’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.Garrison Financial Corp reduced its stake in FEN by selling 1,473 shares or 1.61% in the most recent quarter. The Hedge Fund company now holds 89,884 shares of FEN which is valued at $2,301,929. First Trust Energy Income & Growth Fund makes up approx 1.51% of Garrison Financial Corp’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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