First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP)’s stock price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $43.26 and traded as low as $43.04. First Trust North American Energy Infrastructure Fund shares last traded at $43.04, with a volume of 396,003 shares traded.

First Trust North American Energy Infrastructure Fund Stock Performance

The company has a market capitalization of $4.17 billion, a PE ratio of 17.59 and a beta of 0.55. The company’s 50-day simple moving average is $43.13 and its 200-day simple moving average is $43.26.

Institutional Investors Weigh In On First Trust North American Energy Infrastructure Fund

Hedge funds have recently made changes to their positions in the business. Jacobi Capital Management LLC acquired a new stake in shares of First Trust North American Energy Infrastructure Fund during the third quarter valued at $119,000. Davis Investment Partners LLC purchased a new stake in First Trust North American Energy Infrastructure Fund during the 3rd quarter worth about $218,000. Lido Advisors LLC increased its position in First Trust North American Energy Infrastructure Fund by 53.1% during the 3rd quarter. Lido Advisors LLC now owns 16,137 shares of the exchange traded fund’s stock worth $661,000 after purchasing an additional 5,599 shares in the last quarter. Cornerstone Wealth Management LLC raised its stake in First Trust North American Energy Infrastructure Fund by 4.1% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 43,348 shares of the exchange traded fund’s stock valued at $1,777,000 after purchasing an additional 1,724 shares during the last quarter. Finally, Landmark Wealth Management LLC raised its stake in First Trust North American Energy Infrastructure Fund by 3.1% in the 3rd quarter. Landmark Wealth Management LLC now owns 79,133 shares of the exchange traded fund’s stock valued at $3,244,000 after purchasing an additional 2,393 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.