First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Stock Price Passes Above 200 Day Moving Average of $27.60

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.60 and traded as high as $28.77. First Trust North American Energy Infrastructure Fund shares last traded at $28.71, with a volume of 150,666 shares traded.

First Trust North American Energy Infrastructure Fund Price Performance

The stock’s 50 day simple moving average is $28.62 and its 200-day simple moving average is $27.63. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 16.86 and a beta of 0.56.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EMLP. Royal Bank of Canada boosted its holdings in First Trust North American Energy Infrastructure Fund by 338.5% during the first quarter. Royal Bank of Canada now owns 4,315,519 shares of the exchange traded fund’s stock valued at $119,497,000 after acquiring an additional 3,331,278 shares during the period. Morgan Stanley lifted its holdings in shares of First Trust North American Energy Infrastructure Fund by 4.1% during the fourth quarter. Morgan Stanley now owns 15,500,985 shares of the exchange traded fund’s stock worth $413,721,000 after buying an additional 605,251 shares during the last quarter. Arvest Investments Inc. bought a new stake in shares of First Trust North American Energy Infrastructure Fund in the fourth quarter valued at approximately $8,735,000. Beacon Pointe Advisors LLC acquired a new stake in shares of First Trust North American Energy Infrastructure Fund in the first quarter worth $6,287,000. Finally, International Assets Investment Management LLC increased its position in First Trust North American Energy Infrastructure Fund by 2,485.3% during the fourth quarter. International Assets Investment Management LLC now owns 233,922 shares of the exchange traded fund’s stock worth $6,477,000 after acquiring an additional 224,874 shares during the period.

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.