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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $41.02 and traded as high as $44.62. First Trust North American Energy Infrastructure Fund shares last traded at $44.11, with a volume of 176,405 shares trading hands.

First Trust North American Energy Infrastructure Fund Trading Up 0.7%

The firm has a market cap of $4.06 billion, a P/E ratio of 17.59 and a beta of 0.59. The company’s 50-day moving average is $43.74 and its two-hundred day moving average is $41.09.

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

Hedge funds have recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of First Trust North American Energy Infrastructure Fund during the 4th quarter worth approximately $31,000. Darwin Wealth Management LLC bought a new position in shares of First Trust North American Energy Infrastructure Fund during the 2nd quarter worth approximately $33,000. Root Financial Partners LLC bought a new position in shares of First Trust North American Energy Infrastructure Fund during the 3rd quarter worth approximately $35,000. Sound Income Strategies LLC lifted its position in shares of First Trust North American Energy Infrastructure Fund by 47,500.0% during the 4th quarter. Sound Income Strategies LLC now owns 952 shares of the exchange traded fund’s stock worth $37,000 after buying an additional 950 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of First Trust North American Energy Infrastructure Fund by 71.7% during the 4th quarter. Assetmark Inc. now owns 972 shares of the exchange traded fund’s stock worth $37,000 after buying an additional 406 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.