(NYSE:FPL) shares saw light trading volume with 5,205 shares changing hands in the last trading session. Trading volume was down 95.19% under the stocks average daily volume.
These firms have also modified their investment in FPL. As of quarter end Sit Investment Associates Inc had sold a total of 16,020 shares trimming its stake by 47.7%. The value of the company’s investment in First Trust New Opportunities M went from $454,000 to $231,000 a change of 49.1% since the last quarter. Cardan Capital Partners, LLC expanded its holdings by buying 682 shares an increase of 2.9% in the quarter. Cardan Capital Partners, LLC claims 24,586 shares worth $323,000. The value of the position overall is down by 0.0%.
As of the end of the quarter Morgan Stanley had acquired 3,519 shares growing its position 4.8%. The value of the investment in First Trust New Opportunities M increased from $934,000 to $1,031,000 a change of $97,000 quarter over quarter. Hightower Advisors, LLC bolstered its investment by buying 3,320 shares an increase of 4.9% from 12/31/2016 to 03/31/2017. Hightower Advisors, LLC controls 70,496 shares with a value of $958,000. The total value of its holdings increased 10.8%.
In the market the company is trading unchanged by 0.00% since yesterday’s close of $13.25. It is trading at $13.25 a bit higher than $12.82, the stock’s 50 day moving average and a bit lower than the 200 day moving average of $13.29. The 50 day moving average went up by +3.36% and the 200 day average went down $-0.04 or -0.33%.
First Trust New Opportunities MLP & Energy Fund is a closed-ended balanced mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Energy Income Partners LLC. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating in the energy and utilities sectors. The fund primarily invests in equity and debt securities of MLPs and MLP related entities, as well as in dividend paying growth stocks of other energy and energy utilities companies. It benchmarks the performance of its portfolio against the S&P 500 Index, Alerian MLP Total Return Index, and Wells Fargo Midstream MLP Total Return Index. First Trust New Opportunities MLP & Energy Fund was formed on October 15, 2013 and is domiciled in the United States..