First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Hits New 1-Year High – What’s Next?

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $44.30 and last traded at $44.24, with a volume of 71772 shares trading hands. The stock had previously closed at $43.48.

First Trust North American Energy Infrastructure Fund Trading Up 1.3%

The stock’s fifty day moving average price is $41.86 and its 200 day moving average price is $39.41. The stock has a market cap of $3.94 billion, a P/E ratio of 17.59 and a beta of 0.65.

Institutional Trading of First Trust North American Energy Infrastructure Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of First Trust North American Energy Infrastructure Fund in the fourth quarter worth $31,000. Darwin Wealth Management LLC bought a new stake in First Trust North American Energy Infrastructure Fund during the 2nd quarter valued at about $33,000. Root Financial Partners LLC purchased a new position in First Trust North American Energy Infrastructure Fund in the third quarter worth about $35,000. Sound Income Strategies LLC lifted its stake in shares of First Trust North American Energy Infrastructure Fund by 47,500.0% in the fourth 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. grew its holdings in shares of First Trust North American Energy Infrastructure Fund by 71.7% during the fourth quarter. Assetmark Inc. now owns 972 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 406 shares during 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.