First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Shares Cross Above 200-Day Moving Average of $27.74

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 $27.74 and traded as high as $29.72. First Trust North American Energy Infrastructure Fund shares last traded at $29.57, with a volume of 108,057 shares trading hands.

First Trust North American Energy Infrastructure Fund Stock Down 0.6 %

The company’s 50 day moving average is $28.81 and its 200 day moving average is $27.74. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 16.86 and a beta of 0.56.

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

Several institutional investors and hedge funds have recently modified their holdings of EMLP. L.M. Kohn & Company acquired a new stake in First Trust North American Energy Infrastructure Fund during the first quarter worth about $207,000. Landmark Wealth Management LLC grew its stake in First Trust North American Energy Infrastructure Fund by 2.4% during the first quarter. Landmark Wealth Management LLC now owns 71,765 shares of the exchange traded fund’s stock worth $2,119,000 after buying an additional 1,691 shares in the last quarter. Cherry Creek Investment Advisors Inc. grew its stake in First Trust North American Energy Infrastructure Fund by 1.8% during the first quarter. Cherry Creek Investment Advisors Inc. now owns 26,702 shares of the exchange traded fund’s stock worth $789,000 after buying an additional 476 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in First Trust North American Energy Infrastructure Fund by 0.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 476,027 shares of the exchange traded fund’s stock worth $14,057,000 after buying an additional 1,688 shares in the last quarter. Finally, Saxon Interests Inc. acquired a new stake in First Trust North American Energy Infrastructure Fund during the first quarter worth about $207,000.

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.