First Trust New Opportunities MLP & Energy Fund (FPL)
First Trust New Opportunities MLP & Energy Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Westport, CT, US. The stock last traded at $7.76, up 0.19% on the session, giving a market capitalisation of $182.0M. On trailing twelve-month figures it carries a trailing P/E of 13.61, a net margin of 121.4%. Its beta of 0.00 implies it has historically moved less than the broad market.
The First Trust New Opportunities MLP & Energy Fund operates as a closed-end balanced mutual fund, jointly overseen by First Trust Advisors L.P. and Energy Income Partners LLC. This U.S.-domiciled fund, established on October 15, 2013, primarily allocates capital across American public equity and fixed-income markets. Its investment mandate focuses on enterprises within the energy and utilities sectors. Specifically, the portfolio predominantly consists of equity and debt instruments issued by Master Limited Partnerships (MLPs) and associated organizations, complemented by dividend-yielding growth stocks from other energy and utility corporations. The fund measures its performance against a composite of benchmarks, including the S&P 500 Index, the Alerian MLP Total Return Index, and the Wells Fargo Midstream MLP Total Return Index.
First Trust New Opportunities MLP & Energy Fund is most often compared with the following Financial Services names: