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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $35.83 and traded as high as $37.87. First Trust North American Energy Infrastructure Fund shares last traded at $37.71, with a volume of 125,860 shares trading hands.

First Trust North American Energy Infrastructure Fund Stock Performance

The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 18.61 and a beta of 0.86. The firm has a fifty day moving average price of $37.13 and a 200 day moving average price of $35.83.

Hedge Funds Weigh In On First Trust North American Energy Infrastructure Fund

Several hedge funds have recently bought and sold shares of the company. Capital Investment Advisors LLC lifted its position in shares of First Trust North American Energy Infrastructure Fund by 1.9% in the fourth quarter. Capital Investment Advisors LLC now owns 3,653,373 shares of the exchange traded fund’s stock valued at $130,243,000 after acquiring an additional 66,614 shares in the last quarter. Glenview Trust co raised its stake in First Trust North American Energy Infrastructure Fund by 0.7% in the 4th quarter. Glenview Trust co now owns 2,521,496 shares of the exchange traded fund’s stock valued at $89,891,000 after purchasing an additional 18,670 shares during the last quarter. Cresset Asset Management LLC lifted its holdings in First Trust North American Energy Infrastructure Fund by 5.1% in the 4th quarter. Cresset Asset Management LLC now owns 2,152,195 shares of the exchange traded fund’s stock valued at $76,726,000 after purchasing an additional 103,686 shares in the last quarter. Wealthspire Advisors LLC boosted its stake in shares of First Trust North American Energy Infrastructure Fund by 3.3% during the 4th quarter. Wealthspire Advisors LLC now owns 2,027,567 shares of the exchange traded fund’s stock worth $72,283,000 after purchasing an additional 64,349 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in shares of First Trust North American Energy Infrastructure Fund by 0.8% during the 4th quarter. LPL Financial LLC now owns 1,997,959 shares of the exchange traded fund’s stock worth $71,227,000 after purchasing an additional 15,415 shares during 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.