First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Share Price Crosses Below 200 Day Moving Average – What’s Next?

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP)’s share price 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 trading hands.

First Trust North American Energy Infrastructure Fund Stock Down 0.1%

The firm has a 50 day moving average of $43.11 and a 200 day moving average of $43.28. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 17.59 and a beta of 0.55.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC acquired a new stake in shares of First Trust North American Energy Infrastructure Fund during the 3rd quarter worth approximately $39,024,000. Bank of America Corp DE lifted its position in shares of First Trust North American Energy Infrastructure Fund by 12.0% during the 1st 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 acquiring an additional 256,270 shares during the period. B. Riley Wealth Advisors Inc. acquired a new position in shares of First Trust North American Energy Infrastructure Fund during the 3rd quarter valued at $8,559,000. Fifth Third Bancorp bought a new position in First Trust North American Energy Infrastructure Fund during the first quarter worth $6,957,000. Finally, D.A. Davidson & CO. bought a new position in First Trust North American Energy Infrastructure Fund during the third quarter worth $4,624,000.

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.