First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Share Price Passes 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 Tuesday . The stock has a two hundred day moving average of $37.55 and traded as high as $38.48. First Trust North American Energy Infrastructure Fund shares last traded at $38.44, with a volume of 139,320 shares trading hands.

First Trust North American Energy Infrastructure Fund Stock Performance

The firm has a market cap of $3.39 billion, a PE ratio of 17.59 and a beta of 0.65. The stock has a fifty day moving average price of $37.95 and a 200-day moving average price of $37.55.

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

Several institutional investors have recently bought and sold shares of EMLP. Wagner Wealth Management LLC raised its stake in shares of 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 valued at $1,375,000 after acquiring an additional 282 shares during the period. National Wealth Management Group LLC increased its holdings in First Trust North American Energy Infrastructure Fund by 3.7% in the 3rd quarter. National Wealth Management Group LLC now owns 8,809 shares of the exchange traded fund’s stock valued at $337,000 after purchasing an additional 311 shares in the last quarter. Tandem Financial LLC increased its holdings in First Trust North American Energy Infrastructure Fund by 1.3% in the 1st quarter. Tandem Financial LLC now owns 25,862 shares of the exchange traded fund’s stock valued at $970,000 after purchasing an additional 324 shares in the last quarter. Tyler Stone Wealth Management increased its holdings in First Trust North American Energy Infrastructure Fund by 4.6% in the 2nd quarter. Tyler Stone Wealth Management now owns 7,857 shares of the exchange traded fund’s stock valued at $295,000 after purchasing an additional 343 shares in the last quarter. Finally, Level Four Advisory Services LLC raised its position in 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 valued at $446,000 after purchasing an additional 363 shares during the period.

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.