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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $33.07 and traded as high as $36.63. First Trust North American Energy Infrastructure Fund shares last traded at $36.46, with a volume of 228,523 shares changing hands.

First Trust North American Energy Infrastructure Fund Stock Down 0.2 %

The stock has a market capitalization of $2.96 billion, a P/E ratio of 17.22 and a beta of 0.52. The business has a fifty day moving average price of $35.58 and a 200-day moving average price of $33.11.

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

A number of large investors have recently made changes to their positions in the company. Larson Financial Group LLC increased its position in First Trust North American Energy Infrastructure Fund by 588.6% in the second quarter. Larson Financial Group LLC now owns 3,870 shares of the exchange traded fund’s stock worth $118,000 after buying an additional 3,308 shares in the last quarter. Verus Capital Partners LLC purchased a new position in First Trust North American Energy Infrastructure Fund during the second quarter valued at approximately $279,000. Concurrent Investment Advisors LLC boosted its position in shares of First Trust North American Energy Infrastructure Fund by 1.3% in the second quarter. Concurrent Investment Advisors LLC now owns 29,564 shares of the exchange traded fund’s stock worth $901,000 after purchasing an additional 373 shares during the period. Stegent Equity Advisors Inc. increased its stake in shares of First Trust North American Energy Infrastructure Fund by 13.8% in the second quarter. Stegent Equity Advisors Inc. now owns 117,198 shares of the exchange traded fund’s stock worth $3,570,000 after purchasing an additional 14,220 shares in the last quarter. Finally, Private Ocean LLC raised its position in shares of First Trust North American Energy Infrastructure Fund by 95.0% during the 2nd quarter. Private Ocean LLC now owns 63,739 shares of the exchange traded fund’s stock valued at $1,941,000 after purchasing an additional 31,052 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.