Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from First Trust MLP & Energy Income Fund (FEI).
Shareholders of four First Trust energy-focused investment funds have given the green light for a strategic consolidation into the newly formed FT Energy Income Partners Enhanced Income ETF. This move, orchestrated by FirstTrust Advisors and sub-advised by Energy Income Partners, aims to transition the funds to a single, actively managed ETF platform, enhancing potential growth and trading on the NYSE Arca. The merger, detailed in a recent press release, reflects a significant shift in investment structure for stakeholders.
See more data about FEI stock on TipRanks’ Stock Analysis page.
Trending Articles:
- “The No. 1 Destination for the Most Talented Artists”: Netflix Stock (NASDAQ:NFLX) Notches Up as the Duffer Brothers Consider Jumping Ship
- “Breakthrough EVs”: Ford Stock (NYSE:F) Notches Up on New Battery Details
- “An Equity Stake”: Intel Stock (NASDAQ:INTC) Surges as U.S. Government May Buy In With CHIPS Act Money