First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Stock Passes Above 200-Day Moving Average – Here’s Why

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $41.75 and traded as high as $43.23. First Trust North American Energy Infrastructure Fund shares last traded at $42.81, with a volume of 364,381 shares traded.

First Trust North American Energy Infrastructure Fund Stock Performance

The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 17.59 and a beta of 0.56. The company has a 50-day moving average of $43.59 and a 200-day moving average of $41.75.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. WealthCare Investment Partners LLC boosted its holdings in shares of First Trust North American Energy Infrastructure Fund by 5.4% during the fourth quarter. WealthCare Investment Partners LLC now owns 40,570 shares of the exchange traded fund’s stock worth $1,551,000 after purchasing an additional 2,067 shares during the last quarter. GM Advisory Group LLC boosted its holdings in shares of First Trust North American Energy Infrastructure Fund by 35.8% during the third quarter. GM Advisory Group LLC now owns 8,799 shares of the exchange traded fund’s stock worth $337,000 after purchasing an additional 2,320 shares during the last quarter. ARQ Wealth Advisors LLC boosted its holdings in shares of First Trust North American Energy Infrastructure Fund by 59.1% during the third quarter. ARQ Wealth Advisors LLC now owns 74,664 shares of the exchange traded fund’s stock worth $2,859,000 after purchasing an additional 27,744 shares during the last quarter. Glenmede Investment Management LP boosted its holdings in shares of First Trust North American Energy Infrastructure Fund by 1.3% during the third quarter. Glenmede Investment Management LP now owns 1,006,295 shares of the exchange traded fund’s stock worth $38,531,000 after purchasing an additional 12,915 shares during the last quarter. Finally, Wood Tarver Financial Group LLC boosted its holdings in shares of First Trust North American Energy Infrastructure Fund by 18.3% during the third quarter. Wood Tarver Financial Group LLC now owns 17,468 shares of the exchange traded fund’s stock worth $668,000 after purchasing an additional 2,700 shares during 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.