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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $31.79 and traded as high as $33.85. First Trust North American Energy Infrastructure Fund shares last traded at $33.82, with a volume of 123,069 shares.

First Trust North American Energy Infrastructure Fund Stock Performance

The business’s fifty day moving average price is $33.62 and its two-hundred day moving average price is $31.79. The stock has a market capitalization of $2.77 billion, a P/E ratio of 17.22 and a beta of 0.52.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EMLP. Triad Wealth Partners LLC bought a new stake in shares of First Trust North American Energy Infrastructure Fund in the 2nd quarter valued at about $60,000. Eastern Bank purchased a new stake in First Trust North American Energy Infrastructure Fund during the third quarter valued at approximately $70,000. ORG Wealth Partners LLC acquired a new stake in First Trust North American Energy Infrastructure Fund in the third quarter valued at approximately $72,000. Blue Trust Inc. grew its holdings in First Trust North American Energy Infrastructure Fund by 25.2% in the third quarter. Blue Trust Inc. now owns 2,830 shares of the exchange traded fund’s stock worth $95,000 after purchasing an additional 570 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in shares of 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 worth $118,000 after purchasing an additional 3,308 shares in the last quarter.

About First Trust North American Energy Infrastructure Fund

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.