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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $37.19 and traded as high as $38.51. First Trust North American Energy Infrastructure Fund shares last traded at $38.51, with a volume of 147,588 shares.

First Trust North American Energy Infrastructure Fund Price Performance

The business’s 50 day moving average price is $37.96 and its 200-day moving average price is $37.19. The company has a market cap of $3.38 billion, a P/E ratio of 17.59 and a beta of 0.81.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Capital Investment Advisors LLC raised its stake in shares of First Trust North American Energy Infrastructure Fund by 3.5% in the second quarter. Capital Investment Advisors LLC now owns 3,842,513 shares of the exchange traded fund’s stock valued at $144,133,000 after acquiring an additional 129,664 shares during the last quarter. Glenview Trust co raised its stake in shares of First Trust North American Energy Infrastructure Fund by 1.1% in the second quarter. Glenview Trust co now owns 2,592,515 shares of the exchange traded fund’s stock valued at $97,245,000 after acquiring an additional 27,144 shares during the last quarter. Cresset Asset Management LLC increased its holdings in shares of First Trust North American Energy Infrastructure Fund by 3.6% in the second quarter. Cresset Asset Management LLC now owns 2,339,093 shares of the exchange traded fund’s stock valued at $87,739,000 after purchasing an additional 82,307 shares in the last quarter. LPL Financial LLC increased its holdings in shares of First Trust North American Energy Infrastructure Fund by 11.5% in the first quarter. LPL Financial LLC now owns 2,228,326 shares of the exchange traded fund’s stock valued at $83,540,000 after purchasing an additional 230,367 shares in the last quarter. Finally, Wealthspire Advisors LLC increased its holdings in shares of First Trust North American Energy Infrastructure Fund by 1.5% in the second quarter. Wealthspire Advisors LLC now owns 2,099,516 shares of the exchange traded fund’s stock valued at $78,753,000 after purchasing an additional 31,960 shares in 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.