First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $41.56 and traded as high as $43.29. First Trust North American Energy Infrastructure Fund shares last traded at $43.11, with a volume of 223,457 shares changing hands.

First Trust North American Energy Infrastructure Fund Price Performance

The stock’s 50 day simple moving average is $43.65 and its two-hundred day simple moving average is $41.56. The stock has a market cap of $3.93 billion, a P/E ratio of 17.59 and a beta of 0.56.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Morgan Stanley lifted its stake in First Trust North American Energy Infrastructure Fund by 3.3% in the fourth quarter. Morgan Stanley now owns 18,510,517 shares of the exchange traded fund’s stock valued at $700,993,000 after buying an additional 591,927 shares in the last quarter. Capital Investment Advisors LLC lifted its stake in First Trust North American Energy Infrastructure Fund by 5.7% in the fourth quarter. Capital Investment Advisors LLC now owns 4,189,659 shares of the exchange traded fund’s stock valued at $158,662,000 after buying an additional 224,827 shares in the last quarter. AlTi Global Inc. lifted its stake in First Trust North American Energy Infrastructure Fund by 0.3% in the fourth quarter. AlTi Global Inc. now owns 2,869,696 shares of the exchange traded fund’s stock valued at $108,675,000 after buying an additional 7,313 shares in the last quarter. Cresset Asset Management LLC lifted its stake in 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 valued at $94,319,000 after buying an additional 124,195 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in First Trust North American Energy Infrastructure Fund by 12.0% in the first quarter. Bank of America Corp DE now owns 2,383,147 shares of the exchange traded fund’s stock valued at $104,048,000 after buying an additional 256,270 shares in 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.