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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $36.62 and traded as high as $37.39. First Trust North American Energy Infrastructure Fund shares last traded at $37.25, with a volume of 468,064 shares changing hands.

First Trust North American Energy Infrastructure Fund Price Performance

The business has a 50-day simple moving average of $36.72 and a 200-day simple moving average of $36.62. The firm has a market capitalization of $3.23 billion, a PE ratio of 17.30 and a beta of 0.65.

Institutional Trading of First Trust North American Energy Infrastructure Fund

Several hedge funds and other institutional investors have recently bought and sold shares of EMLP. Silver Oak Securities Incorporated raised its holdings in First Trust North American Energy Infrastructure Fund by 9,732.2% during the 1st quarter. Silver Oak Securities Incorporated now owns 1,105,139 shares of the exchange traded fund’s stock valued at $41,432,000 after buying an additional 1,093,899 shares during the period. Cerity Partners OCIO LLC raised its stake in shares of First Trust North American Energy Infrastructure Fund by 47.7% in the first quarter. Cerity Partners OCIO LLC now owns 1,894,186 shares of the exchange traded fund’s stock valued at $71,013,000 after acquiring an additional 611,628 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of First Trust North American Energy Infrastructure Fund in the fourth quarter valued at $20,886,000. Modern Wealth Management LLC purchased a new stake in shares of First Trust North American Energy Infrastructure Fund in the fourth quarter valued at $19,845,000. Finally, 360 Financial Inc. purchased a new stake in shares of First Trust North American Energy Infrastructure Fund in the first quarter valued at $11,479,000.

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.