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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $33.77 and traded as high as $36.07. First Trust North American Energy Infrastructure Fund shares last traded at $35.81, with a volume of 233,756 shares traded.

First Trust North American Energy Infrastructure Fund Price Performance

The company has a market cap of $2.94 billion, a PE ratio of 17.22 and a beta of 0.52. The company has a 50-day moving average price of $36.06 and a two-hundred day moving average price of $33.77.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EMLP. Franklin Resources Inc. boosted its stake in shares of First Trust North American Energy Infrastructure Fund by 422.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,234 shares of the exchange traded fund’s stock valued at $146,000 after buying an additional 3,424 shares during the last quarter. Arvest Bank Trust Division bought a new position in First Trust North American Energy Infrastructure Fund during the 3rd quarter valued at $24,152,000. Fulcrum Equity Management acquired a new position in First Trust North American Energy Infrastructure Fund during the 3rd quarter worth $1,176,000. Continuum Advisory LLC increased its position in shares of First Trust North American Energy Infrastructure Fund by 52.0% in the 3rd quarter. Continuum Advisory LLC now owns 46,348 shares of the exchange traded fund’s stock worth $1,652,000 after purchasing an additional 15,862 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC raised its stake in shares of First Trust North American Energy Infrastructure Fund by 32.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 13,480 shares of the exchange traded fund’s stock valued at $453,000 after purchasing an additional 3,318 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.