First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $42.53 and traded as high as $44.40. First Trust North American Energy Infrastructure Fund shares last traded at $43.86, with a volume of 239,783 shares trading hands.

First Trust North American Energy Infrastructure Fund Stock Down 1.0%

The company has a 50 day simple moving average of $43.60 and a 200-day simple moving average of $42.53. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 17.59 and a beta of 0.56.

Institutional Investors Weigh In On First Trust North American Energy Infrastructure Fund

Institutional investors have recently made changes to their positions in the company. Nvest Wealth Strategies Inc. lifted its stake in First Trust North American Energy Infrastructure Fund by 3.2% during the second quarter. Nvest Wealth Strategies Inc. now owns 211,073 shares of the exchange traded fund’s stock worth $9,182,000 after purchasing an additional 6,501 shares during the last quarter. G&S Capital LLC increased its stake in First Trust North American Energy Infrastructure Fund by 4.3% during the second quarter. G&S Capital LLC now owns 24,063 shares of the exchange traded fund’s stock valued at $1,047,000 after purchasing an additional 992 shares during the last quarter. Barry Investment Advisors LLC increased its stake in First Trust North American Energy Infrastructure Fund by 5.9% during the second quarter. Barry Investment Advisors LLC now owns 502,343 shares of the exchange traded fund’s stock valued at $21,852,000 after purchasing an additional 27,986 shares during the last quarter. Focus Financial Network Inc. raised its holdings in shares of First Trust North American Energy Infrastructure Fund by 30.1% during the second quarter. Focus Financial Network Inc. now owns 166,609 shares of the exchange traded fund’s stock worth $7,247,000 after purchasing an additional 38,585 shares during the period. Finally, First Heartland Consultants Inc. raised its holdings in shares of First Trust North American Energy Infrastructure Fund by 4.6% during the second quarter. First Heartland Consultants Inc. now owns 21,077 shares of the exchange traded fund’s stock worth $917,000 after purchasing an additional 932 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.