First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Sets New 52-Week High – Here’s What Happened

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $43.93 and last traded at $43.8860, with a volume of 17550 shares. The stock had previously closed at $43.77.

First Trust North American Energy Infrastructure Fund Price Performance

The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 17.59 and a beta of 0.65. The business’s fifty day simple moving average is $40.01 and its 200 day simple moving average is $38.75.

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

A number of hedge funds have recently added to or reduced their stakes in EMLP. Envestnet Asset Management Inc. lifted its holdings in shares of First Trust North American Energy Infrastructure Fund by 11.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 383,625 shares of the exchange traded fund’s stock worth $14,390,000 after purchasing an additional 39,216 shares in the last quarter. Integrity Alliance LLC. acquired a new position in First Trust North American Energy Infrastructure Fund during the second quarter worth $497,000. American Institute for Advanced Investment Management LLP grew its holdings in shares of First Trust North American Energy Infrastructure Fund by 8.8% during the second quarter. American Institute for Advanced Investment Management LLP now owns 6,570 shares of the exchange traded fund’s stock valued at $246,000 after buying an additional 530 shares during the last quarter. Prosperity Consulting Group LLC increased its position in shares of First Trust North American Energy Infrastructure Fund by 1.0% during the second quarter. Prosperity Consulting Group LLC now owns 76,490 shares of the exchange traded fund’s stock worth $2,869,000 after acquiring an additional 777 shares in the last quarter. Finally, 360 Financial Inc. raised its holdings in shares of First Trust North American Energy Infrastructure Fund by 11.9% in the 2nd quarter. 360 Financial Inc. now owns 342,706 shares of the exchange traded fund’s stock worth $12,855,000 after acquiring an additional 36,506 shares during the last quarter.

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.