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

Shares of First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $41.56 and traded as high as $43.29. First Trust North American Energy Infrastructure Fund shares last traded at $43.11, with a volume of 223,457 shares traded.

First Trust North American Energy Infrastructure Fund Price Performance

The stock’s 50-day moving average price is $43.65 and its 200 day moving average price is $41.56. The firm has a market cap of $3.93 billion, a P/E ratio of 17.59 and a beta of 0.56.

Institutional Trading of First Trust North American Energy Infrastructure Fund

A number of institutional investors have recently made changes to their positions in EMLP. Creative Planning lifted its position in shares of First Trust North American Energy Infrastructure Fund by 4.1% in the second quarter. Creative Planning now owns 10,510 shares of the exchange traded fund’s stock worth $394,000 after purchasing an additional 415 shares in the last quarter. First Trust Advisors LP raised its position in First Trust North American Energy Infrastructure Fund by 90.0% during the second quarter. First Trust Advisors LP now owns 13,298 shares of the exchange traded fund’s stock worth $499,000 after acquiring an additional 6,298 shares in the last quarter. Baird Financial Group Inc. raised its position in First Trust North American Energy Infrastructure Fund by 3.7% during the second quarter. Baird Financial Group Inc. now owns 86,427 shares of the exchange traded fund’s stock worth $3,242,000 after acquiring an additional 3,116 shares in the last quarter. Qube Research & Technologies Ltd raised its position in First Trust North American Energy Infrastructure Fund by 233.4% during the second quarter. Qube Research & Technologies Ltd now owns 22,549 shares of the exchange traded fund’s stock worth $846,000 after acquiring an additional 15,785 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in First Trust North American Energy Infrastructure Fund during the second quarter worth $33,000.

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.