First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Shares Cross Above 200 Day Moving Average – Here’s Why

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $39.14 and traded as high as $43.97. First Trust North American Energy Infrastructure Fund shares last traded at $43.81, with a volume of 259,346 shares changing hands.

First Trust North American Energy Infrastructure Fund Stock Performance

The business has a fifty day simple moving average of $41.17 and a 200 day simple moving average of $39.14. The stock has a market capitalization of $3.92 billion, a price-to-earnings 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 EMLP. Morgan Stanley grew its stake in First Trust North American Energy Infrastructure Fund by 3.3% during the fourth quarter. Morgan Stanley now owns 18,510,517 shares of the exchange traded fund’s stock worth $700,993,000 after purchasing an additional 591,927 shares during the period. Forefront Wealth Partners LLC bought a new position in shares of First Trust North American Energy Infrastructure Fund during the 3rd quarter worth approximately $9,934,000. Capital Investment Advisors LLC increased its stake in First Trust North American Energy Infrastructure Fund by 5.7% in the fourth quarter. Capital Investment Advisors LLC now owns 4,189,659 shares of the exchange traded fund’s stock valued at $158,662,000 after purchasing an additional 224,827 shares in the last quarter. Nvest Wealth Strategies Inc. acquired a new position in shares of First Trust North American Energy Infrastructure Fund during the fourth quarter worth approximately $8,276,000. Finally, Crusonia Wealth Advisors LLC bought a new position in First Trust North American Energy Infrastructure Fund in the 4th quarter valued at about $7,522,000.

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.