First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Shares Cross Above 200 Day Moving Average of $27.24

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLPGet Rating) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $27.24 and traded as high as $28.02. First Trust North American Energy Infrastructure Fund shares last traded at $28.01, with a volume of 239,544 shares trading hands.

First Trust North American Energy Infrastructure Fund Stock Up 0.9 %

The stock has a 50 day simple moving average of $27.61 and a two-hundred day simple moving average of $27.24.

Institutional Investors Weigh In On First Trust North American Energy Infrastructure Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EMLP. Tiedemann Advisors LLC raised its stake in shares of First Trust North American Energy Infrastructure Fund by 32.9% during the second quarter. Tiedemann Advisors LLC now owns 4,924,893 shares of the exchange traded fund’s stock worth $126,788,000 after purchasing an additional 1,219,843 shares during the last quarter. Perella Weinberg Partners Capital Management LP raised its stake in shares of First Trust North American Energy Infrastructure Fund by 3,081.0% during the second quarter. Perella Weinberg Partners Capital Management LP now owns 4,739,231 shares of the exchange traded fund’s stock worth $121,988,000 after purchasing an additional 4,590,247 shares during the last quarter. Royal Bank of Canada raised its stake in shares of 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 worth $119,497,000 after purchasing an additional 3,331,278 shares during the last quarter. Bank of America Corp DE raised its stake in shares of First Trust North American Energy Infrastructure Fund by 5.2% during the first quarter. Bank of America Corp DE now owns 3,369,738 shares of the exchange traded fund’s stock worth $93,308,000 after purchasing an additional 167,777 shares during the last quarter. Finally, Walker Asset Management LLC raised its stake in shares of First Trust North American Energy Infrastructure Fund by 6,029.5% during the second quarter. Walker Asset Management LLC now owns 3,073,858 shares of the exchange traded fund’s stock worth $83,655,000 after purchasing an additional 3,023,709 shares during the last quarter.

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