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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) shares passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $43.26 and traded as low as $43.04. First Trust North American Energy Infrastructure Fund shares last traded at $43.04, with a volume of 396,003 shares changing hands.

First Trust North American Energy Infrastructure Fund Price Performance

The stock’s 50-day moving average is $43.13 and its 200-day moving average is $43.26. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 17.59 and a beta of 0.55.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EMLP. Capital Investment Advisors LLC boosted its holdings in shares of First Trust North American Energy Infrastructure Fund by 1.4% during the third quarter. Capital Investment Advisors LLC now owns 4,410,779 shares of the exchange traded fund’s stock worth $180,798,000 after purchasing an additional 59,687 shares during the last quarter. Glenview Trust Co grew its position in shares of First Trust North American Energy Infrastructure Fund by 0.3% in the third quarter. Glenview Trust Co now owns 2,472,222 shares of the exchange traded fund’s stock valued at $101,336,000 after purchasing an additional 7,549 shares during the period. Bank of America Corp DE grew its position in shares of First Trust North American Energy Infrastructure Fund by 12.0% in the first quarter. Bank of America Corp DE now owns 2,383,147 shares of the exchange traded fund’s stock valued at $104,048,000 after purchasing an additional 256,270 shares during the period. Glenmede Trust Co. NA grew its position in shares of First Trust North American Energy Infrastructure Fund by 2.5% in the first quarter. Glenmede Trust Co. NA now owns 1,081,366 shares of the exchange traded fund’s stock valued at $47,212,000 after purchasing an additional 25,901 shares during the period. Finally, Commonwealth Equity Services LLC acquired a new position in First Trust North American Energy Infrastructure Fund in the third quarter valued at $39,024,000.

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.