First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Shares Pass Above 200-Day Moving Average of $28.70

Shares of First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $28.70 and traded as high as $30.36. First Trust North American Energy Infrastructure Fund shares last traded at $30.30, with a volume of 120,358 shares trading hands.

First Trust North American Energy Infrastructure Fund Price Performance

The firm’s fifty day moving average price is $30.03 and its 200-day moving average price is $28.70. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 17.22 and a beta of 0.52.

Institutional Investors Weigh In On First Trust North American Energy Infrastructure Fund

Several large investors have recently made changes to their positions in the company. Jaffetilchin Investment Partners LLC grew its holdings in First Trust North American Energy Infrastructure Fund by 302.5% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 709,808 shares of the exchange traded fund’s stock worth $20,961,000 after buying an additional 533,454 shares in the last quarter. Arvest Investments Inc. bought a new position in shares of First Trust North American Energy Infrastructure Fund in the fourth quarter worth $8,735,000. Jane Street Group LLC increased its holdings in shares of First Trust North American Energy Infrastructure Fund by 1,308.8% during the first quarter. Jane Street Group LLC now owns 314,463 shares of the exchange traded fund’s stock valued at $9,286,000 after purchasing an additional 292,142 shares during the period. International Assets Investment Management LLC increased its holdings in shares of First Trust North American Energy Infrastructure Fund by 2,485.3% during the fourth quarter. International Assets Investment Management LLC now owns 233,922 shares of the exchange traded fund’s stock valued at $6,477,000 after purchasing an additional 224,874 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of First Trust North American Energy Infrastructure Fund by 10.2% during the third quarter. Royal Bank of Canada now owns 2,296,068 shares of the exchange traded fund’s stock valued at $60,663,000 after purchasing an additional 213,239 shares in the last quarter.

First Trust North American Energy Infrastructure Fund Company Profile

The First Trust North American Energy Infrastructure Fund (EMLP) is an exchange-traded fund that is based on the Alerian MLP index. The fund is an actively managed fund that invests in North American energy infrastructure MLPs and LLCs. EMLP was launched on Jun 21, 2012 and is managed by First Trust.