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

Shares of First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $36.36 and traded as high as $36.63. First Trust North American Energy Infrastructure Fund shares last traded at $36.48, with a volume of 183,976 shares traded.

First Trust North American Energy Infrastructure Fund Stock Performance

The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 17.46 and a beta of 0.70. The business has a fifty day simple moving average of $36.29 and a 200-day simple moving average of $36.36.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EMLP. PNC Financial Services Group Inc. lifted its holdings in First Trust North American Energy Infrastructure Fund by 3.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,303 shares of the exchange traded fund’s stock worth $296,000 after buying an additional 285 shares during the period. Fulcrum Equity Management lifted its stake in shares of First Trust North American Energy Infrastructure Fund by 0.8% in the fourth quarter. Fulcrum Equity Management now owns 35,281 shares of the exchange traded fund’s stock worth $1,258,000 after acquiring an additional 294 shares during the period. First Citizens Bank & Trust Co. boosted its holdings in First Trust North American Energy Infrastructure Fund by 3.3% in the first quarter. First Citizens Bank & Trust Co. now owns 10,045 shares of the exchange traded fund’s stock valued at $377,000 after acquiring an additional 324 shares during the last quarter. Tandem Financial LLC increased its position in First Trust North American Energy Infrastructure Fund by 1.3% during the 1st quarter. Tandem Financial LLC now owns 25,862 shares of the exchange traded fund’s stock valued at $970,000 after purchasing an additional 324 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in First Trust North American Energy Infrastructure Fund by 3.6% during the 4th quarter. Bank of New York Mellon Corp now owns 9,964 shares of the exchange traded fund’s stock worth $355,000 after purchasing an additional 344 shares during the last quarter.

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.