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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $39.30 and last traded at $39.26, with a volume of 89462 shares. The stock had previously closed at $39.05.

First Trust North American Energy Infrastructure Fund Stock Performance

The stock has a market capitalization of $3.51 billion, a P/E ratio of 17.59 and a beta of 0.65. The company’s fifty day simple moving average is $38.23 and its two-hundred day simple moving average is $37.96.

Institutional Investors Weigh In On First Trust North American Energy Infrastructure Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in EMLP. Forefront Wealth Partners LLC bought a new stake in First Trust North American Energy Infrastructure Fund during the third quarter worth about $9,934,000. Capital Investment Advisors LLC raised its position in First Trust North American Energy Infrastructure Fund by 5.7% during the fourth quarter. Capital Investment Advisors LLC now owns 4,189,659 shares of the exchange traded fund’s stock valued at $158,662,000 after purchasing an additional 224,827 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of First Trust North American Energy Infrastructure Fund by 9.4% during the 2nd quarter. Bank of America Corp DE now owns 1,906,011 shares of the exchange traded fund’s stock worth $71,494,000 after buying an additional 164,425 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of First Trust North American Energy Infrastructure Fund during the 2nd quarter worth $5,785,000. Finally, Raymond James Financial Inc. grew its holdings in shares of First Trust North American Energy Infrastructure Fund by 22.9% during the 2nd quarter. Raymond James Financial Inc. now owns 764,018 shares of the exchange traded fund’s stock valued at $28,658,000 after purchasing an additional 142,472 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.