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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $38.43 and traded as high as $42.99. First Trust North American Energy Infrastructure Fund shares last traded at $42.96, with a volume of 176,718 shares trading hands.

First Trust North American Energy Infrastructure Fund Trading Up 2.2%

The business’s 50-day simple moving average is $39.06 and its 200-day simple moving average is $38.43. The company has a market cap of $3.85 billion, a PE ratio of 17.59 and a beta of 0.65.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EMLP. Vernal Point Advisors LLC increased its position in First Trust North American Energy Infrastructure Fund by 15.8% in the 4th quarter. Vernal Point Advisors LLC now owns 260,022 shares of the exchange traded fund’s stock worth $9,847,000 after purchasing an additional 35,420 shares during the last quarter. MML Investors Services LLC grew its stake in shares of First Trust North American Energy Infrastructure Fund by 5.6% in the 4th quarter. MML Investors Services LLC now owns 163,133 shares of the exchange traded fund’s stock valued at $6,178,000 after buying an additional 8,680 shares in the last quarter. Evelyn Partners Investment Management Europe Ltd increased its holdings in First Trust North American Energy Infrastructure Fund by 5.3% in the fourth quarter. Evelyn Partners Investment Management Europe Ltd now owns 14,391 shares of the exchange traded fund’s stock worth $545,000 after buying an additional 720 shares during the last quarter. Arax Advisory Partners bought a new position in First Trust North American Energy Infrastructure Fund during the fourth quarter valued at approximately $516,000. Finally, Arkos Global Advisors lifted its stake in First Trust North American Energy Infrastructure Fund by 2.0% in the fourth quarter. Arkos Global Advisors now owns 287,832 shares of the exchange traded fund’s stock valued at $10,900,000 after acquiring an additional 5,548 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.