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

Shares of First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $43.73 and traded as high as $44.20. First Trust North American Energy Infrastructure Fund shares last traded at $44.14, with a volume of 450,736 shares trading hands.

First Trust North American Energy Infrastructure Fund Trading Down 0.2%

The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 17.59 and a beta of 0.56. The company has a fifty day moving average price of $44.04 and a two-hundred day moving average price of $43.73.

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

A number of institutional investors have recently added to or reduced their stakes in EMLP. Morgan Stanley grew its holdings in First Trust North American Energy Infrastructure Fund by 3.3% in the 4th 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. Bank of America Corp DE raised its holdings in shares of First Trust North American Energy Infrastructure Fund by 12.0% during the 1st quarter. Bank of America Corp DE now owns 2,383,147 shares of the exchange traded fund’s stock worth $104,048,000 after acquiring an additional 256,270 shares during the period. Crusonia Wealth Advisors LLC purchased a new position in shares of First Trust North American Energy Infrastructure Fund during the 4th quarter worth $7,522,000. Fifth Third Bancorp acquired a new position in shares of First Trust North American Energy Infrastructure Fund during the 1st quarter valued at about $6,957,000. Finally, Raymond James Financial Inc. boosted its position in shares of First Trust North American Energy Infrastructure Fund by 22.9% during the 2nd quarter. Raymond James Financial Inc. now owns 764,018 shares of the exchange traded fund’s stock valued at $28,658,000 after acquiring an additional 142,472 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.