First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Share Price Crosses Above 200 Day Moving Average of $27.02

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $27.02 and traded as high as $27.47. First Trust North American Energy Infrastructure Fund shares last traded at $27.28, with a volume of 204,630 shares changing hands.

First Trust North American Energy Infrastructure Fund Stock Performance

The business’s 50 day simple moving average is $26.85 and its 200-day simple moving average is $27.02. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 18.88 and a beta of 0.81.

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

A number of institutional investors have recently modified their holdings of the stock. Morgan Stanley raised its holdings in shares of First Trust North American Energy Infrastructure Fund by 4.1% during the 4th quarter. Morgan Stanley now owns 15,500,985 shares of the exchange traded fund’s stock valued at $413,721,000 after purchasing an additional 605,251 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of First Trust North American Energy Infrastructure Fund by 338.5% during 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 purchasing an additional 3,331,278 shares in the last quarter. Perella Weinberg Partners Capital Management LP raised its holdings in shares of First Trust North American Energy Infrastructure Fund by 61.0% during 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 purchasing an additional 1,472,238 shares in the last quarter. Capital Investment Advisors LLC raised its holdings in shares of First Trust North American Energy Infrastructure Fund by 1.8% during the 3rd quarter. Capital Investment Advisors LLC now owns 3,419,618 shares of the exchange traded fund’s stock valued at $90,346,000 after purchasing an additional 61,157 shares in the last quarter. Finally, Glenview Trust Co raised its holdings in shares of First Trust North American Energy Infrastructure Fund by 2.9% during the 2nd quarter. Glenview Trust Co now owns 2,257,021 shares of the exchange traded fund’s stock valued at $60,940,000 after purchasing an additional 63,662 shares in the last quarter.

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.