First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Stock Passes Above Two Hundred 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 $37.94 and traded as high as $38.59. First Trust North American Energy Infrastructure Fund shares last traded at $38.48, with a volume of 238,414 shares.

First Trust North American Energy Infrastructure Fund Trading Up 0.9%

The business has a fifty day moving average price of $38.18 and a two-hundred day moving average price of $37.94. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 17.59 and a beta of 0.65.

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

Several hedge funds have recently bought and sold shares of EMLP. Capital Investment Advisors LLC raised its holdings in First Trust North American Energy Infrastructure Fund by 5.7% in the 4th quarter. Capital Investment Advisors LLC now owns 4,189,659 shares of the exchange traded fund’s stock worth $158,662,000 after acquiring an additional 224,827 shares during the period. Glenview Trust co grew its position in shares of First Trust North American Energy Infrastructure Fund by 1.1% in the second quarter. Glenview Trust co now owns 2,592,515 shares of the exchange traded fund’s stock valued at $97,245,000 after purchasing an additional 27,144 shares during the last quarter. Cresset Asset Management LLC increased its stake in shares of First Trust North American Energy Infrastructure Fund by 5.3% in the third quarter. Cresset Asset Management LLC now owns 2,463,288 shares of the exchange traded fund’s stock worth $94,319,000 after purchasing an additional 124,195 shares during the period. Wealthspire Advisors LLC lifted its position in shares of First Trust North American Energy Infrastructure Fund by 1.5% during the 2nd quarter. Wealthspire Advisors LLC now owns 2,099,516 shares of the exchange traded fund’s stock worth $78,753,000 after purchasing an additional 31,960 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in First Trust North American Energy Infrastructure Fund by 7.6% during the 3rd quarter. Bank of America Corp DE now owns 2,051,338 shares of the exchange traded fund’s stock valued at $78,546,000 after purchasing an additional 145,327 shares during the period.

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.