First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Shares Pass Above 200 Day Moving Average – Should You Sell?

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $35.56 and traded as high as $37.10. First Trust North American Energy Infrastructure Fund shares last traded at $37.05, with a volume of 151,914 shares.

First Trust North American Energy Infrastructure Fund Trading Up 1.9 %

The firm has a fifty day moving average of $36.94 and a two-hundred day moving average of $35.61. The company has a market cap of $3.20 billion, a PE ratio of 18.14 and a beta of 0.86.

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

Large investors have recently added to or reduced their stakes in the company. Continuum Advisory LLC increased its holdings in First Trust North American Energy Infrastructure Fund by 52.0% in the 3rd quarter. Continuum Advisory LLC now owns 46,348 shares of the exchange traded fund’s stock worth $1,652,000 after acquiring an additional 15,862 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in First Trust North American Energy Infrastructure Fund by 5,000.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 56,362 shares of the exchange traded fund’s stock valued at $1,894,000 after buying an additional 55,257 shares in the last quarter. D.A. Davidson & CO. grew its holdings in First Trust North American Energy Infrastructure Fund by 1.3% during the 3rd quarter. D.A. Davidson & CO. now owns 83,385 shares of the exchange traded fund’s stock valued at $2,802,000 after buying an additional 1,106 shares in the last quarter. Great Valley Advisor Group Inc. grew its holdings in First Trust North American Energy Infrastructure Fund by 21.0% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 8,749 shares of the exchange traded fund’s stock valued at $294,000 after buying an additional 1,519 shares in the last quarter. Finally, Kingsview Wealth Management LLC grew its holdings in First Trust North American Energy Infrastructure Fund by 2.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 67,431 shares of the exchange traded fund’s stock valued at $2,266,000 after buying an additional 1,523 shares in 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.