First Trust New Opportunities MLP & Energy Fund (FPL) has shared an update.
First Trust New Opportunities MLP & Energy Fund has announced that shareholders approved mergers of four energy-focused investment funds into a new actively managed exchange-traded fund (ETF), set to trade on the NYSE Arca. Managed by FirstTrust Advisors and sub-advised by Energy Income Partners, this strategic consolidation aims to offer investors enhanced income opportunities within the energy sector.
For a thorough assessment of FPL stock, go to TipRanks’ Stock Analysis page.
