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

Shares of First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $33.25 and traded as high as $35.37. First Trust North American Energy Infrastructure Fund shares last traded at $35.37, with a volume of 133,295 shares changing hands.

First Trust North American Energy Infrastructure Fund Stock Up 1.6 %

The firm’s 50 day simple moving average is $35.69 and its 200-day simple moving average is $33.25. The company has a market capitalization of $2.90 billion, a PE ratio of 17.22 and a beta of 0.52.

Institutional Trading of First Trust North American Energy Infrastructure Fund

A number of institutional investors have recently added to or reduced their stakes in EMLP. Wealthspire Advisors LLC raised its position in First Trust North American Energy Infrastructure Fund by 1.4% in the second quarter. Wealthspire Advisors LLC now owns 1,884,183 shares of the exchange traded fund’s stock valued at $57,392,000 after purchasing an additional 26,372 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of First Trust North American Energy Infrastructure Fund by 7.7% in the second quarter. Commonwealth Equity Services LLC now owns 159,241 shares of the exchange traded fund’s stock worth $4,851,000 after buying an additional 11,429 shares during the period. Larson Financial Group LLC grew its stake in shares of First Trust North American Energy Infrastructure Fund by 588.6% in the second quarter. Larson Financial Group LLC now owns 3,870 shares of the exchange traded fund’s stock valued at $118,000 after buying an additional 3,308 shares in the last quarter. Verus Capital Partners LLC purchased a new stake in shares of First Trust North American Energy Infrastructure Fund during the 2nd quarter valued at about $279,000. Finally, Concurrent Investment Advisors LLC raised its holdings in shares of First Trust North American Energy Infrastructure Fund by 1.3% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 29,564 shares of the exchange traded fund’s stock valued at $901,000 after buying an additional 373 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.