FMP
First Trust MLP and Energy Income Fund
FEI
NYSE
Inactive Equity
First Trust MLP and Energy Income Fund is a closed-ended balanced mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Energy Income Partners LLC. It invests in the public equity and fixed income markets of the United States. The fund seeks to invest in securities of companies operating in the energy and energy utilities sectors. It primarily invests in equity and debt securities of MLPs and MLP-related entities, as well as in dividend paying growth stocks of companies. First Trust MLP and Energy Income Fund was formed on August 17, 2012 and is domiciled in the United States.
9.83 USD
0.02 (0.203%)
Latest FEI News
24/7 Wall Street
May 4, 2024
Want $1,200 per Month in Passive Income? Invest in These Stocks
$178.25 Dynamic Income Opportunities Fund (NYSE:PDO) 14.21% $177.63 Apollo Senior Floating Rate Fund Inc.
Seeking Alpha
Mar 28, 2024
Weekly CEF Roundup: First Trust MLP CEF Mergers Approved, Saba Buys BSTZ, PDX Goes Monthly
5 out of 22 closed-end fund sectors positive on price and 1 out of 22 sectors positive on NAV. Saba targets BSTZ, while PDX moves to a monthly distribution. First Trust MLP CEF mergers are approved by shareholders.
Seeking Alpha
Mar 10, 2024
First Trust MLP and Energy Income Fund's Transition To ETF Makes For Attractive Opportunity
First Trust MLP and Energy Income Fund is converting from a closed-end structure to an ETF structure, offering a potential 4.3% upside if assets trade around net asset value after the conversion. The transformation involves merging several closed-end pipeline funds into an ETF, including the First Trust Energy Infrastructure Fund. The merger of the MLP C Corp Funds should be tax-free to shareholders, but there may be a tax impact at the fund level.
Seeking Alpha
Mar 8, 2024
Weekly CEF Commentary | March 3, 2024 | PDX Makes The Change
Markets were flat, but upcoming events like the jobs report, PMIs, and ECB meeting are important.
Seeking Alpha
Nov 28, 2023
FEI: Proposed ETF Conversion Offers Arbitrage Opportunity
First Trust MLP and Energy Income Fund Common is a top-performing MLP/midstream CEF. A proposed ETF conversion offers arbitrage opportunity for FEI investors. The merger is expected to eliminate the CEF discount and provide an opportunity for investors to exit at NAV.
Seeking Alpha
Nov 12, 2023
CEF Weekly Review: The Best Kind Of CEF Merger
We review CEF market valuation and performance through the first week of November and highlight recent market action. CEFs experienced a rebound with all sectors rallying. REITs were in the lead with a nearly 14% gain. Several First Trust Energy/MLP CEFs have announced a merger into a new ETF which can drive both lower fees and discount amortization.
Seeking Alpha
Sep 18, 2023
FEI's Discount To NAV And Top Holding Make It Attractive
First Trust MLP and Energy Income Fund Common is an attractive alternative to the Alerian MLP ETF for income-oriented investors who want high yield without K-1s. FEI's top holdings are generally very solid stocks. FEI currently trades at a 13% discount to its NAV, making it an attractive option.
Seeking Alpha
Sep 14, 2023
FEI: Underperforms The Index, But Still A Good Fund
First Trust MLP and Energy Income Fund Common has delivered a solid performance among energy infrastructure funds with a 10.88% total return year-to-date. The FEI closed-end fund could continue to deliver respectable returns due to the potential undersupply of crude oil and rising energy prices. The fund invests in the common equity of midstream partnerships and corporations, providing access to a larger investment universe than the MLP index.
Seeking Alpha
Jun 26, 2023
Bargain Alert! 2 'Monthly-Pay' Picks For High Income: FEN And FEI
Energy consumption continues to grow exponentially as the world turns to Green Energy. The Green Revolution in energy is causing a boom in the natural gas sector. Power up your income stream with these two Energy Funds.
Seeking Alpha
Mar 15, 2023
FEN And FEI: The Trade Is Now Done
We had three funds that were different in name only. Moving between them was based primarily on where they traded relative to NAV.
