First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 0.3%

The stock has a market capitalization of $4.12 billion, a PE ratio of 17.59 and a beta of 0.56. The company has a 50 day simple moving average of $43.62 and a 200 day simple moving average of $42.58.

Institutional Trading of First Trust North American Energy Infrastructure Fund

Hedge funds have recently made changes to their positions in the company. Creative Planning raised its holdings in First Trust North American Energy Infrastructure Fund by 4.1% during the second quarter. Creative Planning now owns 10,510 shares of the exchange traded fund’s stock worth $394,000 after purchasing an additional 415 shares in the last quarter. First Trust Advisors LP boosted its holdings in First Trust North American Energy Infrastructure Fund by 90.0% in the 2nd quarter. First Trust Advisors LP now owns 13,298 shares of the exchange traded fund’s stock valued at $499,000 after purchasing an additional 6,298 shares in the last quarter. Baird Financial Group Inc. increased its position in First Trust North American Energy Infrastructure Fund by 3.7% during the 2nd quarter. Baird Financial Group Inc. now owns 86,427 shares of the exchange traded fund’s stock worth $3,242,000 after purchasing an additional 3,116 shares during the period. Qube Research & Technologies Ltd increased its position in First Trust North American Energy Infrastructure Fund by 233.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 22,549 shares of the exchange traded fund’s stock worth $846,000 after purchasing an additional 15,785 shares during the period. Finally, Darwin Wealth Management LLC purchased a new position in shares of First Trust North American Energy Infrastructure Fund during the 2nd quarter worth approximately $33,000.

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.