Tiedemann Trust Co Lowers stake in First Trust Energy Income & Growth Fund (FEN)

First Trust Energy Income & Growth Fund (FEN) : Tiedemann Trust Co reduced its stake in First Trust Energy Income & Growth Fund by 10.05% during the most recent quarter end. The investment management company now holds a total of 557,855 shares of First Trust Energy Income & Growth Fund which is valued at $14,199,083 after selling 62,327 shares in First Trust Energy Income & Growth Fund , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.First Trust Energy Income & Growth Fund makes up approximately 2.69% of Tiedemann Trust Co’s portfolio.

Other Hedge Funds, Including , Doliver Capital Advisors boosted its stake in FEN in the latest quarter, The investment management firm added 26,211 additional shares and now holds a total of 34,917 shares of First Trust Energy Income & Growth Fund which is valued at $888,742. First Trust Energy Income & Growth Fund makes up approx 0.73% of Doliver Capital Advisors’s portfolio. 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. Cutter Co Brokerage sold out all of its stake in FEN during the most recent quarter. The investment firm sold 81,401 shares of FEN which is valued $2,047,235. Swift Run Capital Management sold out all of its stake in FEN during the most recent quarter. The investment firm sold 50,000 shares of FEN which is valued $1,290,500.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.

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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