First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $36.52 and traded as high as $37.34. First Trust North American Energy Infrastructure Fund shares last traded at $37.31, with a volume of 234,676 shares changing hands.

First Trust North American Energy Infrastructure Fund Price Performance

The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 17.30 and a beta of 0.66. The business’s 50-day simple moving average is $36.38 and its two-hundred day simple moving average is $36.52.

Institutional Trading of First Trust North American Energy Infrastructure Fund

A number of hedge funds have recently made changes to their positions in EMLP. Silver Oak Securities Incorporated raised its stake in shares of First Trust North American Energy Infrastructure Fund by 9,732.2% during the first quarter. Silver Oak Securities Incorporated now owns 1,105,139 shares of the exchange traded fund’s stock valued at $41,432,000 after purchasing an additional 1,093,899 shares during the period. Cerity Partners OCIO LLC increased its stake in shares of First Trust North American Energy Infrastructure Fund by 47.7% in the first quarter. Cerity Partners OCIO LLC now owns 1,894,186 shares of the exchange traded fund’s stock worth $71,013,000 after buying an additional 611,628 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of First Trust North American Energy Infrastructure Fund in the fourth quarter worth $20,886,000. Modern Wealth Management LLC bought a new stake in shares of First Trust North American Energy Infrastructure Fund in the fourth quarter worth $19,845,000. Finally, Ocean Park Asset Management LLC bought a new stake in shares of First Trust North American Energy Infrastructure Fund in the fourth quarter worth $17,611,000.

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.