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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $35.12 and traded as high as $37.70. First Trust North American Energy Infrastructure Fund shares last traded at $37.42, with a volume of 278,899 shares trading hands.

First Trust North American Energy Infrastructure Fund Stock Down 0.5 %

The business’s fifty day moving average price is $36.60 and its 200 day moving average price is $35.12. The firm has a market capitalization of $3.07 billion, a PE ratio of 17.22 and a beta of 0.52.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. ARQ Wealth Advisors LLC raised its holdings in shares of First Trust North American Energy Infrastructure Fund by 5.5% in the fourth quarter. ARQ Wealth Advisors LLC now owns 43,870 shares of the exchange traded fund’s stock valued at $1,564,000 after buying an additional 2,287 shares during the last quarter. 10Elms LLP purchased a new stake in shares of First Trust North American Energy Infrastructure Fund in the fourth quarter valued at about $404,000. First Heartland Consultants Inc. raised its holdings in shares of First Trust North American Energy Infrastructure Fund by 22.0% in the fourth quarter. First Heartland Consultants Inc. now owns 8,422 shares of the exchange traded fund’s stock valued at $300,000 after buying an additional 1,521 shares during the last quarter. Continuum Advisory LLC raised its holdings in shares of First Trust North American Energy Infrastructure Fund by 13.1% in the fourth quarter. Continuum Advisory LLC now owns 52,399 shares of the exchange traded fund’s stock valued at $1,868,000 after buying an additional 6,051 shares during the last quarter. Finally, Windsor Advisory Group LLC raised its holdings in shares of First Trust North American Energy Infrastructure Fund by 83.1% in the fourth quarter. Windsor Advisory Group LLC now owns 43,789 shares of the exchange traded fund’s stock valued at $1,561,000 after buying an additional 19,870 shares during 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.