FEN Stock Summary and Trading Ideas (First Trust Energy Income&Growth | AMEX:FEN)

First Trust Energy Income and Growth 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. The Fund seeks to provide its shareholders with an efficient vehicle to invest in a portfolio of cash-generating securities of energy companies. The Fund will focus on investing in publicly traded master limited partnerships ("MLPs") and related public entities in the energy sector which the Fund's investment sub-advisor believes offer opportunities for income and growth. Under normal market conditions after the invest-up period, the Fund will invest at least 85% of its managed assets in securities of energy companies, energy sector MLPs and MLP-related entities and will invest at least 65% of its managed assets in equity securities of such MLPs and MLP-related entities.

First Trust Energy Income&Growth trades on the AMEX stock market under the symbol FEN.

As of April 18, 2024, FEN stock price climbed to $16.30 with 53,557 million shares trading.

FEN has a beta of 0.47, meaning it tends to be less sensitive to market movements. FEN has a correlation of 0.08 to the broad based SPY ETF.

FEN has a market cap of $317.26 million. This is considered a Small Cap stock.

In the last 3 years, FEN stock traded as high as $17.00 and as low as $12.03.

FEN has outperformed the market in the last year with a price return of +33.3% while the SPY ETF gained +22.3%. FEN has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +13.5% and -1.4%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

FEN support price is $15.99 and resistance is $16.24 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FEN stock will trade within this expected range on the day.