First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $43.29 and traded as high as $43.90. First Trust North American Energy Infrastructure Fund shares last traded at $43.76, with a volume of 170,589 shares.

First Trust North American Energy Infrastructure Fund Stock Performance

The company has a market cap of $4.15 billion, a price-to-earnings ratio of 17.59 and a beta of 0.56. The stock’s fifty day moving average is $43.74 and its two-hundred day moving average is $43.33.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC purchased a new stake in First Trust North American Energy Infrastructure Fund during the 4th quarter valued at $31,000. Certuity LLC increased its stake in First Trust North American Energy Infrastructure Fund by 200.7% in the fourth quarter. Certuity LLC now owns 51,217 shares of the exchange traded fund’s stock worth $1,940,000 after purchasing an additional 34,186 shares during the period. D.A. Davidson & CO. lifted its position in shares of First Trust North American Energy Infrastructure Fund by 6.2% during the fourth quarter. D.A. Davidson & CO. now owns 91,582 shares of the exchange traded fund’s stock worth $3,468,000 after purchasing an additional 5,326 shares during the last quarter. Kestra Private Wealth Services LLC boosted its stake in shares of First Trust North American Energy Infrastructure Fund by 3.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 385,236 shares of the exchange traded fund’s stock valued at $14,589,000 after purchasing an additional 12,113 shares during the period. Finally, Kingswood Wealth Advisors LLC boosted its stake in shares of First Trust North American Energy Infrastructure Fund by 9.9% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 18,983 shares of the exchange traded fund’s stock valued at $719,000 after purchasing an additional 1,712 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.