First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $35.83 and traded as high as $37.87. First Trust North American Energy Infrastructure Fund shares last traded at $37.71, with a volume of 125,860 shares.

First Trust North American Energy Infrastructure Fund Price Performance

The stock has a 50-day moving average of $37.13 and a 200-day moving average of $35.83. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 18.61 and a beta of 0.86.

Hedge Funds Weigh In On First Trust North American Energy Infrastructure Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arvest Bank Trust Division bought a new stake in shares of First Trust North American Energy Infrastructure Fund in the 3rd quarter valued at $24,152,000. Raymond James Financial Inc. acquired a new stake in First Trust North American Energy Infrastructure Fund in the fourth quarter worth $20,886,000. Modern Wealth Management LLC bought a new stake in First Trust North American Energy Infrastructure Fund in the fourth quarter valued at $19,845,000. Ocean Park Asset Management LLC acquired a new position in shares of First Trust North American Energy Infrastructure Fund during the fourth quarter valued at about $17,611,000. Finally, Cresset Asset Management LLC boosted its position in shares of First Trust North American Energy Infrastructure Fund by 5.1% during the 4th quarter. Cresset Asset Management LLC now owns 2,152,195 shares of the exchange traded fund’s stock worth $76,726,000 after purchasing an additional 103,686 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.