First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Shares of First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLPGet Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $43.65 and traded as high as $44.34. First Trust North American Energy Infrastructure Fund shares last traded at $44.19, with a volume of 156,060 shares changing hands.

First Trust North American Energy Infrastructure Fund Price Performance

The business’s fifty day simple moving average is $43.99 and its two-hundred day simple moving average is $43.65. The company has a market cap of $4.13 billion, a PE ratio of 17.59 and a beta of 0.56.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Kohmann Bosshard Financial Services LLC acquired a new position in First Trust North American Energy Infrastructure Fund in the 4th quarter worth about $31,000. Darwin Wealth Management LLC acquired a new stake in First Trust North American Energy Infrastructure Fund in the second quarter valued at approximately $33,000. Compass Financial Management LLC purchased a new stake in shares of First Trust North American Energy Infrastructure Fund in the second quarter valued at approximately $36,000. Bessemer Group Inc. purchased a new stake in shares of First Trust North American Energy Infrastructure Fund in the first quarter valued at approximately $41,000. Finally, Gilpin Wealth Management LLC acquired a new position in shares of First Trust North American Energy Infrastructure Fund during the 4th quarter worth approximately $91,000.

About First Trust North American Energy Infrastructure Fund

(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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