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

Shares of First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $35.56 and traded as high as $37.10. First Trust North American Energy Infrastructure Fund shares last traded at $37.05, with a volume of 151,914 shares.

First Trust North American Energy Infrastructure Fund Price Performance

The stock has a market cap of $3.20 billion, a PE ratio of 18.14 and a beta of 0.86. The company has a 50 day moving average price of $36.92 and a two-hundred day moving average price of $35.56.

Institutional Trading of First Trust North American Energy Infrastructure Fund

Several hedge funds have recently bought and sold shares of EMLP. Arvest Bank Trust Division bought a new stake in First Trust North American Energy Infrastructure Fund during the third quarter valued at about $24,152,000. Raymond James Financial Inc. bought a new stake in First Trust North American Energy Infrastructure Fund during the fourth quarter valued at about $20,886,000. Modern Wealth Management LLC bought a new stake in First Trust North American Energy Infrastructure Fund during the fourth quarter valued at about $19,845,000. Ocean Park Asset Management LLC bought a new position in shares of First Trust North American Energy Infrastructure Fund in the fourth quarter worth about $17,611,000. Finally, Cresset Asset Management LLC boosted its stake in shares of First Trust North American Energy Infrastructure Fund by 5.1% in the fourth quarter. Cresset Asset Management LLC now owns 2,152,195 shares of the exchange traded fund’s stock worth $76,726,000 after acquiring an additional 103,686 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.