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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.

First Trust North American Energy Infrastructure Fund Trading Up 1.1 %

The stock has a market cap of $2.97 billion, a P/E ratio of 17.22 and a beta of 0.52. The company’s 50 day moving average price is $36.14 and its two-hundred day moving average price is $33.81.

Institutional Trading of First Trust North American Energy Infrastructure Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp bought a new position in First Trust North American Energy Infrastructure Fund in the 2nd quarter worth $275,000. Choreo LLC bought a new position in shares of First Trust North American Energy Infrastructure Fund in the second quarter worth about $395,000. LPL Financial LLC grew its position in shares of First Trust North American Energy Infrastructure Fund by 4.3% during the second quarter. LPL Financial LLC now owns 1,717,583 shares of the exchange traded fund’s stock worth $52,318,000 after purchasing an additional 70,047 shares in the last quarter. Wealthspire Advisors LLC raised its stake 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 purchasing an additional 26,372 shares during the period. Finally, Moors & Cabot Inc. lifted its holdings in First Trust North American Energy Infrastructure Fund by 10.8% in the 2nd quarter. Moors & Cabot Inc. now owns 11,119 shares of the exchange traded fund’s stock worth $339,000 after purchasing an additional 1,088 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.