Cohen & Steers Inc. Sells 31,238 Shares of First Trust New Opprtnts MLP & Engy Fd (FPL)

Cohen & Steers Inc. reduced its position in shares of First Trust New Opprtnts MLP & Engy Fd (NYSE:FPL) by 15.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,512 shares of the investment management company’s stock after selling 31,238 shares during the period. Cohen & Steers Inc. owned about 0.70% of First Trust New Opprtnts MLP & Engy Fd worth $2,179,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. lifted its position in shares of First Trust New Opprtnts MLP & Engy Fd by 2.4% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 9,333 shares of the investment management company’s stock worth $123,000 after purchasing an additional 220 shares in the last quarter. Tiedemann Wealth Management LLC bought a new stake in shares of First Trust New Opprtnts MLP & Engy Fd in the third quarter worth $132,000. Stifel Financial Corp bought a new stake in shares of First Trust New Opprtnts MLP & Engy Fd in the third quarter worth $144,000. Citadel Advisors LLC bought a new stake in shares of First Trust New Opprtnts MLP & Engy Fd in the third quarter worth $149,000. Finally, Synovus Financial Corp bought a new stake in shares of First Trust New Opprtnts MLP & Engy Fd in the second quarter worth $180,000.

Shares of First Trust New Opprtnts MLP & Engy Fd (NYSE:FPL) traded up $0.17 during trading hours on Wednesday, hitting $12.37. 198,500 shares of the company were exchanged, compared to its average volume of 105,922. First Trust New Opprtnts MLP & Engy Fd has a fifty-two week low of $10.93 and a fifty-two week high of $14.23.

The business also recently declared a dec 17 dividend, which will be paid on Friday, December 15th. Investors of record on Monday, December 4th will be paid a $0.105 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a dividend yield of 11.05%.

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About First Trust New Opprtnts MLP & Engy Fd

First Trust New Opportunities MLP & Energy 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 seeks to provide its common shareholders with a vehicle to invest in a portfolio of cash generating securities, with a focus on investing in master limited partnerships (MLPs) and MLP-related entities in the energy sector and energy utilities industries that are weighted towards non-cyclical, fee-for-service revenues.

Institutional Ownership by Quarter for First Trust New Opprtnts MLP & Engy Fd (NYSE:FPL)

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