First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Shares of First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $42.53 and traded as high as $44.40. First Trust North American Energy Infrastructure Fund shares last traded at $43.86, with a volume of 239,783 shares.

First Trust North American Energy Infrastructure Fund Trading Down 1.0%

The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 17.59 and a beta of 0.56. The firm has a 50-day moving average of $43.60 and a 200 day moving average of $42.53.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Lee Johnson Capital Management LLC boosted its holdings in shares of First Trust North American Energy Infrastructure Fund by 2.6% during the first quarter. Lee Johnson Capital Management LLC now owns 9,677 shares of the exchange traded fund’s stock worth $422,000 after purchasing an additional 248 shares during the period. Wagner Wealth Management LLC increased its stake in First Trust North American Energy Infrastructure Fund by 0.7% in the 1st quarter. Wagner Wealth Management LLC now owns 39,222 shares of the exchange traded fund’s stock valued at $1,712,000 after buying an additional 257 shares during the period. Compound Planning Inc. increased its stake in First Trust North American Energy Infrastructure Fund by 2.4% in the 4th quarter. Compound Planning Inc. now owns 10,816 shares of the exchange traded fund’s stock valued at $410,000 after buying an additional 258 shares during the period. Silver Oak Securities Incorporated lifted its position in First Trust North American Energy Infrastructure Fund by 1.2% in the 4th quarter. Silver Oak Securities Incorporated now owns 23,299 shares of the exchange traded fund’s stock worth $887,000 after buying an additional 287 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in First Trust North American Energy Infrastructure Fund by 10.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,295 shares of the exchange traded fund’s stock worth $125,000 after buying an additional 302 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.