First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Stock Passes Above 200-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 Friday . The stock has a two hundred day moving average of $35.56 and traded as high as $37.10. First Trust North American Energy Infrastructure Fund shares last traded at $37.05, with a volume of 151,914 shares traded.

First Trust North American Energy Infrastructure Fund Stock Up 1.9 %

The company has a market capitalization of $3.20 billion, a PE ratio of 18.14 and a beta of 0.86. The firm has a 50-day moving average of $36.92 and a two-hundred day moving average of $35.56.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EMLP. Apollon Wealth Management LLC acquired a new position in First Trust North American Energy Infrastructure Fund during the third quarter worth $205,000. Prospera Financial Services Inc lifted its stake in First Trust North American Energy Infrastructure Fund by 0.7% during the third quarter. Prospera Financial Services Inc now owns 88,303 shares of the exchange traded fund’s stock worth $2,967,000 after purchasing an additional 591 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in First Trust North American Energy Infrastructure Fund during the third quarter worth $27,000. Darwin Wealth Management LLC acquired a new stake in shares of First Trust North American Energy Infrastructure Fund in the third quarter valued at $30,000. Finally, Moors & Cabot Inc. raised its stake in shares of First Trust North American Energy Infrastructure Fund by 34.8% in the third quarter. Moors & Cabot Inc. now owns 14,990 shares of the exchange traded fund’s stock valued at $504,000 after acquiring an additional 3,871 shares in the last quarter.

First Trust North American Energy Infrastructure Fund Company Profile

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.