First Trust MLP and Energy Income Fund (FEI) : Umb Bank N Amo scooped up 22,653 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 Jul 26, 2016. The investment management firm now holds a total of 1,024,512 shares of First Trust MLP and Energy Income Fund which is valued at $16,248,760.First Trust MLP and Energy Income Fund makes up approximately 0.67% of Umb Bank N Amo’s portfolio.
Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in FEI in the latest quarter, The investment management firm added 65 additional shares and now holds a total of 2,669 shares of First Trust MLP and Energy Income Fund which is valued at $42,330. Creative Planning added FEI to its portfolio by purchasing 960 company shares during the most recent quarter which is valued at $14,774.
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.