First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $33.25 and traded as high as $35.37. First Trust North American Energy Infrastructure Fund shares last traded at $35.37, with a volume of 133,295 shares changing hands.

First Trust North American Energy Infrastructure Fund Stock Up 1.6 %

The firm has a market capitalization of $2.90 billion, a PE ratio of 17.22 and a beta of 0.52. The business’s fifty day moving average price is $35.69 and its 200 day moving average price is $33.25.

Institutional Trading of First Trust North American Energy Infrastructure Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wealthspire Advisors LLC boosted its holdings in shares of First Trust North American Energy Infrastructure Fund by 1.4% in the 2nd quarter. Wealthspire Advisors LLC now owns 1,884,183 shares of the exchange traded fund’s stock valued at $57,392,000 after purchasing an additional 26,372 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in First Trust North American Energy Infrastructure Fund by 7.7% in the second quarter. Commonwealth Equity Services LLC now owns 159,241 shares of the exchange traded fund’s stock valued at $4,851,000 after acquiring an additional 11,429 shares during the last quarter. Larson Financial Group LLC grew its position in First Trust North American Energy Infrastructure Fund by 588.6% during the second quarter. Larson Financial Group LLC now owns 3,870 shares of the exchange traded fund’s stock valued at $118,000 after acquiring an additional 3,308 shares during the period. Verus Capital Partners LLC acquired a new stake in First Trust North American Energy Infrastructure Fund during the second quarter worth about $279,000. Finally, Concurrent Investment Advisors LLC raised its holdings in shares of First Trust North American Energy Infrastructure Fund by 1.3% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 29,564 shares of the exchange traded fund’s stock worth $901,000 after purchasing an additional 373 shares during the period.

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.