First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $43.11 and traded as high as $44.13. First Trust North American Energy Infrastructure Fund shares last traded at $43.93, with a volume of 390,964 shares trading hands.

First Trust North American Energy Infrastructure Fund Stock Performance

The company has a market cap of $4.08 billion, a price-to-earnings ratio of 17.59 and a beta of 0.56. The company’s 50 day moving average price is $43.68 and its 200 day moving average price is $43.14.

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

Hedge funds have recently bought and sold shares of the business. Morgan Stanley lifted its position in shares of First Trust North American Energy Infrastructure Fund by 3.3% in the fourth quarter. Morgan Stanley now owns 18,510,517 shares of the exchange traded fund’s stock worth $700,993,000 after buying an additional 591,927 shares during the last quarter. AlTi Global Inc. increased its holdings in shares of First Trust North American Energy Infrastructure Fund by 0.3% during the 4th quarter. AlTi Global Inc. now owns 2,869,696 shares of the exchange traded fund’s stock valued at $108,675,000 after acquiring an additional 7,313 shares during the last quarter. Bank of America Corp DE lifted its holdings in First Trust North American Energy Infrastructure Fund by 12.0% in the 1st quarter. Bank of America Corp DE now owns 2,383,147 shares of the exchange traded fund’s stock worth $104,048,000 after purchasing an additional 256,270 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in First Trust North American Energy Infrastructure Fund by 2.8% in the 4th quarter. Wells Fargo & Company MN now owns 2,349,011 shares of the exchange traded fund’s stock worth $88,957,000 after purchasing an additional 64,337 shares during the last quarter. Finally, Wealthspire Advisors LLC boosted its position in First Trust North American Energy Infrastructure Fund by 2.5% during the fourth quarter. Wealthspire Advisors LLC now owns 2,165,019 shares of the exchange traded fund’s stock worth $81,989,000 after purchasing an additional 51,817 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.