No headlines found.
First Trust Announces Shareholder Approvals of the Mergers
Business Wire (Thu, 29-Feb 4:10 PM ET)
First Trust Announces Adjournment of Joint Special Meeting of Shareholders
Business Wire (Tue, 20-Feb 4:20 PM ET)
Business Wire (Mon, 22-Jan 4:10 PM ET)
First Trust New Opportunities MLP & Energy 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 seeks to provide its 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. Under normal market conditions, the Fund will invest at least 85% of its managed assets in equity and debt securities of MLPs, MLP-related entities and other energy sector and energy utilities companies that the Fund's sub-advisor believes offer opportunities for growth and income. Under normal circumstances, the Fund will invest at least 65% of its managed assets in equity securities issued by energy sector MLPs and energy sector and energy utilities MLP-related entities. To generate additional income, the Fund currently expects to write (or sell) covered call options on up to 35% of its managed assets.
First Trust New Opportunities MLP & Energy Common Shares Of Beneficial Interest trades on the NYSE stock market under the symbol FPL.
As of April 19, 2024, FPL stock price climbed to $7.61 with 77,992 million shares trading.
FPL has a beta of 0.45, meaning it tends to be less sensitive to market movements. FPL has a correlation of 0.11 to the broad based SPY ETF.
FPL has a market cap of $178.44 million. This is considered a Micro Cap stock.
In the last 3 years, FPL stock traded as high as $7.77 and as low as $4.90.
FPL has outperformed the market in the last year with a price return of +33.2% while the SPY ETF gained +21.2%. FPL has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +13.4% and -1.2%, respectively, while the SPY returned +3.0% and -4.5%, respectively.
FPL support price is $7.46 and resistance is $7.60 (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 FPL stock will trade within this expected range on the day.