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

by · The Cerbat Gem

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP – Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $41.29 and traded as high as $43.87. First Trust North American Energy Infrastructure Fund shares last traded at $43.36, with a volume of 139,380 shares changing hands.

First Trust North American Energy Infrastructure Fund Trading Down 1.1%

The company has a market cap of $3.91 billion, a P/E ratio of 17.59 and a beta of 0.59. The company has a 50 day moving average price of $43.74 and a 200-day moving average price of $41.31.

Hedge Funds Weigh In On First Trust North American Energy Infrastructure Fund

Several institutional investors have recently bought and sold shares of the company. Glenmede Trust Co. NA lifted its stake in First Trust North American Energy Infrastructure Fund by 2.5% in the first quarter. Glenmede Trust Co. NA now owns 1,081,366 shares of the exchange traded fund’s stock valued at $47,212,000 after purchasing an additional 25,901 shares during the last quarter. Bank of America Corp DE lifted its stake in First Trust North American Energy Infrastructure Fund by 12.0% in the first quarter. Bank of America Corp DE now owns 2,383,147 shares of the exchange traded fund’s stock valued at $104,048,000 after purchasing an additional 256,270 shares during the last quarter. Centaurus Financial Inc. purchased a new position in First Trust North American Energy Infrastructure Fund in the first quarter valued at approximately $113,000. Arkadios Wealth Advisors lifted its stake in First Trust North American Energy Infrastructure Fund by 60.0% in the first quarter. Arkadios Wealth Advisors now owns 91,772 shares of the exchange traded fund’s stock valued at $4,007,000 after purchasing an additional 34,410 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its stake in First Trust North American Energy Infrastructure Fund by 104.6% in the first quarter. Sunbelt Securities Inc. now owns 22,775 shares of the exchange traded fund’s stock valued at $994,000 after purchasing an additional 11,643 shares during the last quarter.

First Trust North American Energy Infrastructure Fund Company Profile

(Get Free Report)

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.

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