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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $33.25 and traded as high as $35.37. First Trust North American Energy Infrastructure Fund shares last traded at $35.37, with a volume of 133,295 shares trading hands.

First Trust North American Energy Infrastructure Fund Trading Up 1.6 %

The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 17.22 and a beta of 0.52. The stock has a fifty day moving average price of $35.72 and a 200-day moving average price of $33.30.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in EMLP. First Heartland Consultants Inc. boosted its position in shares of First Trust North American Energy Infrastructure Fund by 15.4% during the second quarter. First Heartland Consultants Inc. now owns 9,501 shares of the exchange traded fund’s stock worth $289,000 after buying an additional 1,270 shares during the period. Bank of New York Mellon Corp bought a new position in shares of First Trust North American Energy Infrastructure Fund during the 2nd quarter worth approximately $275,000. Signature Estate & Investment Advisors LLC grew its stake in shares of First Trust North American Energy Infrastructure Fund by 124.2% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 28,099 shares of the exchange traded fund’s stock worth $856,000 after acquiring an additional 15,564 shares in the last quarter. Arkadios Wealth Advisors lifted its position in shares of First Trust North American Energy Infrastructure Fund by 57.0% in the second quarter. Arkadios Wealth Advisors now owns 31,691 shares of the exchange traded fund’s stock worth $965,000 after purchasing an additional 11,510 shares in the last quarter. Finally, FAS Wealth Partners Inc. lifted its position in shares of First Trust North American Energy Infrastructure Fund by 12.5% in the second quarter. FAS Wealth Partners Inc. now owns 17,819 shares of the exchange traded fund’s stock worth $543,000 after purchasing an additional 1,980 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.