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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $33.77 and traded as high as $36.07. First Trust North American Energy Infrastructure Fund shares last traded at $35.81, with a volume of 233,756 shares.

First Trust North American Energy Infrastructure Fund Trading Up 1.1 %

The stock has a market cap of $2.97 billion, a PE ratio of 17.22 and a beta of 0.52. The firm has a fifty day simple moving average of $36.14 and a two-hundred day simple moving average of $33.81.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital Investment Advisors LLC raised its position in First Trust North American Energy Infrastructure Fund by 1.2% in the 3rd quarter. Capital Investment Advisors LLC now owns 3,586,759 shares of the exchange traded fund’s stock worth $120,515,000 after purchasing an additional 41,565 shares during the period. Wealthspire Advisors LLC boosted its holdings in First Trust North American Energy Infrastructure Fund by 1.4% during 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 acquiring an additional 26,372 shares during the period. LPL Financial LLC grew its position in First Trust North American Energy Infrastructure Fund by 4.3% during the 2nd quarter. LPL Financial LLC now owns 1,717,583 shares of the exchange traded fund’s stock worth $52,318,000 after acquiring an additional 70,047 shares during the last quarter. Cerity Partners OCIO LLC bought a new position in First Trust North American Energy Infrastructure Fund during the 2nd quarter worth approximately $41,078,000. Finally, Arvest Trust Co. N A increased its stake in First Trust North American Energy Infrastructure Fund by 0.6% in the 2nd quarter. Arvest Trust Co. N A now owns 915,671 shares of the exchange traded fund’s stock worth $27,891,000 after purchasing an additional 5,279 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.