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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $35.12 and traded as high as $37.70. First Trust North American Energy Infrastructure Fund shares last traded at $37.42, with a volume of 278,899 shares changing hands.

First Trust North American Energy Infrastructure Fund Stock Down 0.5 %

The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 17.22 and a beta of 0.52. The stock has a fifty day moving average of $36.60 and a two-hundred day moving average of $35.14.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Arvest Bank Trust Division bought a new position in shares of First Trust North American Energy Infrastructure Fund during the third quarter valued at approximately $24,152,000. Raymond James Financial Inc. bought a new position in shares of First Trust North American Energy Infrastructure Fund during the fourth quarter valued at approximately $20,886,000. Modern Wealth Management LLC bought a new position in shares of First Trust North American Energy Infrastructure Fund during the fourth quarter valued at approximately $19,845,000. Ocean Park Asset Management LLC bought a new position in shares of First Trust North American Energy Infrastructure Fund during the fourth quarter valued at approximately $17,611,000. Finally, International Assets Investment Management LLC boosted its position in shares of First Trust North American Energy Infrastructure Fund by 3,200.0% during the third quarter. International Assets Investment Management LLC now owns 214,734 shares of the exchange traded fund’s stock worth $7,215,000 after buying an additional 208,227 shares during the period.

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.