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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $34.87 and traded as high as $37.41. First Trust North American Energy Infrastructure Fund shares last traded at $37.31, with a volume of 397,349 shares.

First Trust North American Energy Infrastructure Fund Trading Down 0.1 %

The stock has a market cap of $3.06 billion, a P/E ratio of 17.22 and a beta of 0.52. The business’s fifty day simple moving average is $36.49 and its 200 day simple moving average is $34.91.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of EMLP. PNC Financial Services Group Inc. boosted its stake in First Trust North American Energy Infrastructure Fund by 3.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,303 shares of the exchange traded fund’s stock worth $296,000 after purchasing an additional 285 shares during the period. Bank of New York Mellon Corp boosted its position in shares of First Trust North American Energy Infrastructure Fund by 3.6% during the fourth quarter. Bank of New York Mellon Corp now owns 9,964 shares of the exchange traded fund’s stock worth $355,000 after buying an additional 344 shares during the period. Coppell Advisory Solutions LLC grew its holdings in shares of First Trust North American Energy Infrastructure Fund by 11.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 3,750 shares of the exchange traded fund’s stock worth $133,000 after buying an additional 395 shares in the last quarter. Prosperity Financial Group Inc. grew its holdings in shares of First Trust North American Energy Infrastructure Fund by 4.8% during the third quarter. Prosperity Financial Group Inc. now owns 9,655 shares of the exchange traded fund’s stock worth $324,000 after buying an additional 442 shares in the last quarter. Finally, Auour Investments LLC raised its position in First Trust North American Energy Infrastructure Fund by 0.8% in the 4th quarter. Auour Investments LLC now owns 53,936 shares of the exchange traded fund’s stock valued at $1,984,000 after buying an additional 444 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.