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

First Trust Energy Income & Growth Fund (FEN) : Tiedemann Wealth Management reduced its stake in First Trust Energy Income & Growth Fund by 14.69% during the most recent quarter end. The investment management company now holds a total of 92,275 shares of First Trust Energy Income & Growth Fund which is valued at $2,348,676 after selling 15,885 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 2.00% of Tiedemann Wealth Management’s portfolio.

Other Hedge Funds, Including , Raymond James Financial Services Advisors boosted its stake in FEN in the latest quarter, The investment management firm added 648 additional shares and now holds a total of 44,049 shares of First Trust Energy Income & Growth Fund which is valued at $1,121,179. First Trust Energy Income & Growth Fund makes up approx 0.01% of Raymond James Financial Services Advisors’s portfolio.Commonwealth Equity Services Inc boosted its stake in FEN in the latest quarter, The investment management firm added 2,441 additional shares and now holds a total of 37,344 shares of First Trust Energy Income & Growth Fund which is valued at $935,094. First Trust Energy Income & Growth Fund makes up approx 0.01% of Commonwealth Equity Services Inc’s portfolio.Winslow Evans Crocker reduced its stake in FEN by selling 1,415 shares or 7.32% in the most recent quarter. The Hedge Fund company now holds 17,916 shares of FEN which is valued at $455,604. First Trust Energy Income & Growth Fund makes up approx 0.13% of Winslow Evans Crocker’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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