First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Shares Pass Above 200 Day Moving Average of $27.60

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.60 and traded as high as $28.77. First Trust North American Energy Infrastructure Fund shares last traded at $28.71, with a volume of 150,666 shares trading hands.

First Trust North American Energy Infrastructure Fund Price Performance

The company’s 50-day moving average price is $28.62 and its two-hundred day moving average price is $27.63. The company has a market capitalization of $2.40 billion, a P/E ratio of 16.86 and a beta of 0.56.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in First Trust North American Energy Infrastructure Fund by 4.4% in the 1st quarter. JPMorgan Chase & Co. now owns 342,708 shares of the exchange traded fund’s stock worth $9,490,000 after purchasing an additional 14,304 shares in the last quarter. Bank of Montreal Can acquired a new stake in First Trust North American Energy Infrastructure Fund during the first quarter worth approximately $303,000. Cetera Investment Advisers increased its stake in First Trust North American Energy Infrastructure Fund by 20.7% during the 1st quarter. Cetera Investment Advisers now owns 144,530 shares of the exchange traded fund’s stock worth $4,002,000 after acquiring an additional 24,830 shares during the period. Moors & Cabot Inc. lifted its position in shares of First Trust North American Energy Infrastructure Fund by 4.0% during the 1st quarter. Moors & Cabot Inc. now owns 14,022 shares of the exchange traded fund’s stock valued at $388,000 after acquiring an additional 543 shares during the period. Finally, Equitable Holdings Inc. grew its holdings in shares of First Trust North American Energy Infrastructure Fund by 2.6% during the 1st quarter. Equitable Holdings Inc. now owns 16,930 shares of the exchange traded fund’s stock worth $469,000 after purchasing an additional 430 shares in the last quarter.

First Trust North American Energy Infrastructure Fund Company Profile

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.