First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Shares Cross Above 200-Day Moving Average – Should You Sell?

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $37.94 and traded as high as $38.59. First Trust North American Energy Infrastructure Fund shares last traded at $38.48, with a volume of 238,414 shares changing hands.

First Trust North American Energy Infrastructure Fund Stock Up 0.9%

The stock has a 50-day moving average of $38.18 and a 200 day moving average of $37.94. The stock has a market cap of $3.44 billion, a PE ratio of 17.59 and a beta of 0.65.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Focus Financial Network Inc. boosted its stake in First Trust North American Energy Infrastructure Fund by 6.4% during the second quarter. Focus Financial Network Inc. now owns 100,501 shares of the exchange traded fund’s stock worth $3,770,000 after buying an additional 6,062 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of First Trust North American Energy Infrastructure Fund by 6.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 16,381 shares of the exchange traded fund’s stock valued at $611,000 after purchasing an additional 943 shares during the period. Silver Oak Securities Incorporated increased its stake in First Trust North American Energy Infrastructure Fund by 23.4% in the second quarter. Silver Oak Securities Incorporated now owns 21,279 shares of the exchange traded fund’s stock valued at $798,000 after purchasing an additional 4,040 shares during the period. Park Avenue Securities LLC purchased a new stake in shares of First Trust North American Energy Infrastructure Fund during the second quarter worth approximately $258,000. Finally, AdvisorNet Financial Inc acquired a new stake in shares of First Trust North American Energy Infrastructure Fund in the 2nd quarter valued at approximately $79,000.

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.