EMLP Stock Summary and Trading Ideas (First Trust North American Energy Infrastructure | ARCA:EMLP)

The First Trust North American Energy Infrastructure Fund is an actively managed exchange-traded fund. The Funds investment objective is to seek total return. The Funds investment strategy will have an emphasis on current distributions and dividends paid to shareholders. Under normal market conditions, the fund will invest at least 80% of its net assets in equity securities of companies headquartered or incorporated in the United States and Canada engaged in the energy infrastructure sector.

First Trust North American Energy Infrastructure trades on the ARCA stock market under the symbol EMLP.

As of April 26, 2024, EMLP stock price declined to $29.65 with 89,589 million shares trading.

EMLP has a beta of 0.44, meaning it tends to be less sensitive to market movements. EMLP has a correlation of 0.18 to the broad based SPY ETF.

EMLP has a market cap of $2.43 billion. This is considered a Mid Cap stock.

In the last 3 years, EMLP stock traded as high as $29.79 and as low as $23.34.

EMLP stock has underperformed the market in the last year with a return of +13.4%, while SPY returned +27.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in EMLP shares. However, EMLP has outperformed the market in the last 3 month and 2 week periods, returning +9.7% and +1.6%, while SPY returned +4.7% and -1.6%, respectively. This indicates EMLP has been having a stronger performance recently.

EMLP support price is $29.47 and resistance is $30.01 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EMLP stock will trade within this expected range on the day.