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

by · The Cerbat Gem

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP – Get Free Report)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $41.95 and traded as high as $43.90. First Trust North American Energy Infrastructure Fund shares last traded at $43.79, with a volume of 190,985 shares.

First Trust North American Energy Infrastructure Fund Stock Up 0.5%

The company has a fifty day simple moving average of $43.54 and a 200-day simple moving average of $41.96. The firm has a market cap of $4.01 billion, a P/E ratio of 17.59 and a beta of 0.56.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Creative Planning raised its stake in First Trust North American Energy Infrastructure Fund by 4.1% during the 2nd quarter. Creative Planning now owns 10,510 shares of the exchange traded fund’s stock worth $394,000 after acquiring an additional 415 shares during the period. First Trust Advisors LP increased its stake in shares of First Trust North American Energy Infrastructure Fund by 90.0% in the second quarter. First Trust Advisors LP now owns 13,298 shares of the exchange traded fund’s stock worth $499,000 after purchasing an additional 6,298 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of First Trust North American Energy Infrastructure Fund by 3.7% in the second quarter. Baird Financial Group Inc. now owns 86,427 shares of the exchange traded fund’s stock worth $3,242,000 after purchasing an additional 3,116 shares in the last quarter. Qube Research & Technologies Ltd raised its position in shares of First Trust North American Energy Infrastructure Fund by 233.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 22,549 shares of the exchange traded fund’s stock valued at $846,000 after purchasing an additional 15,785 shares during the period. Finally, Darwin Wealth Management LLC bought a new stake in shares of First Trust North American Energy Infrastructure Fund during the 2nd quarter valued at $33,000.

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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