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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $35.83 and traded as high as $37.87. First Trust North American Energy Infrastructure Fund shares last traded at $37.71, with a volume of 125,860 shares.

First Trust North American Energy Infrastructure Fund Price Performance

The stock’s 50 day simple moving average is $37.17 and its two-hundred day simple moving average is $35.87. The firm has a market cap of $3.25 billion, a P/E ratio of 18.61 and a beta of 0.86.

Hedge Funds Weigh In On First Trust North American Energy Infrastructure Fund

Several large investors have recently modified their holdings of the stock. Measured Risk Portfolios Inc. bought a new position in shares of First Trust North American Energy Infrastructure Fund in the fourth quarter worth approximately $25,000. Duncker Streett & Co. Inc. purchased a new position in First Trust North American Energy Infrastructure Fund in the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC bought a new position in First Trust North American Energy Infrastructure Fund in the 4th quarter valued at approximately $29,000. First Horizon Advisors Inc. bought a new stake in shares of First Trust North American Energy Infrastructure Fund in the 4th quarter worth $37,000. Finally, Transce3nd LLC purchased a new position in shares of First Trust North American Energy Infrastructure Fund in the fourth quarter worth $38,000.

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.