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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $37.22 and traded as high as $38.49. First Trust North American Energy Infrastructure Fund shares last traded at $38.01, with a volume of 341,870 shares changing hands.

First Trust North American Energy Infrastructure Fund Trading Down 0.8%

The firm has a fifty day moving average of $37.94 and a two-hundred day moving average of $37.22. The company has a market capitalization of $3.34 billion, a PE ratio of 17.59 and a beta of 0.81.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EMLP. Wagner Wealth Management LLC raised its holdings in First Trust North American Energy Infrastructure Fund by 0.8% in the 2nd quarter. Wagner Wealth Management LLC now owns 36,658 shares of the exchange traded fund’s stock worth $1,375,000 after purchasing an additional 282 shares during the period. Tandem Financial LLC increased its position in First Trust North American Energy Infrastructure Fund by 1.3% in the first quarter. Tandem Financial LLC now owns 25,862 shares of the exchange traded fund’s stock worth $970,000 after buying an additional 324 shares in the last quarter. Tyler Stone Wealth Management raised its stake in shares of First Trust North American Energy Infrastructure Fund by 4.6% in the second quarter. Tyler Stone Wealth Management now owns 7,857 shares of the exchange traded fund’s stock worth $295,000 after buying an additional 343 shares during the period. Level Four Advisory Services LLC raised its stake in shares of First Trust North American Energy Infrastructure Fund by 3.1% in the second quarter. Level Four Advisory Services LLC now owns 11,887 shares of the exchange traded fund’s stock worth $446,000 after buying an additional 363 shares during the period. Finally, Moors & Cabot Inc. lifted its position in shares of First Trust North American Energy Infrastructure Fund by 2.1% during the 1st quarter. Moors & Cabot Inc. now owns 18,531 shares of the exchange traded fund’s stock valued at $695,000 after buying an additional 375 shares in the last quarter.

About First Trust North American Energy Infrastructure Fund

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.