First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Stock Crosses Above Two Hundred Day Moving Average of $26.99

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $26.99 and traded as high as $27.35. First Trust North American Energy Infrastructure Fund shares last traded at $27.32, with a volume of 122,654 shares trading hands.

First Trust North American Energy Infrastructure Fund Trading Up 0.5 %

The firm has a market cap of $2.44 billion, a P/E ratio of 18.88 and a beta of 0.81. The company has a fifty day moving average price of $27.46 and a two-hundred day moving average price of $26.99.

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

A number of institutional investors and hedge funds have recently made changes to their positions in EMLP. Royal Bank of Canada grew its holdings in First Trust North American Energy Infrastructure Fund by 338.5% in the 1st quarter. Royal Bank of Canada now owns 4,315,519 shares of the exchange traded fund’s stock valued at $119,497,000 after buying an additional 3,331,278 shares in the last quarter. Perella Weinberg Partners Capital Management LP grew its holdings in First Trust North American Energy Infrastructure Fund by 61.0% in the 1st quarter. Perella Weinberg Partners Capital Management LP now owns 3,884,915 shares of the exchange traded fund’s stock valued at $103,455,000 after buying an additional 1,472,238 shares in the last quarter. Morgan Stanley grew its holdings in First Trust North American Energy Infrastructure Fund by 4.1% in the 4th quarter. Morgan Stanley now owns 15,500,985 shares of the exchange traded fund’s stock valued at $413,721,000 after buying an additional 605,251 shares in the last quarter. UBS Group AG grew its holdings in First Trust North American Energy Infrastructure Fund by 15.6% in the 4th quarter. UBS Group AG now owns 2,032,919 shares of the exchange traded fund’s stock valued at $54,259,000 after buying an additional 273,893 shares in the last quarter. Finally, Beacon Pointe Advisors LLC acquired a new position in First Trust North American Energy Infrastructure Fund in the 1st quarter valued at $6,287,000.

About First Trust North American Energy Infrastructure Fund

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.