First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Sets New 52-Week High – Time to Buy?

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) hit a new 52-week high during trading on Thursday . The stock traded as high as $44.45 and last traded at $44.6350, with a volume of 16516 shares trading hands. The stock had previously closed at $44.06.

First Trust North American Energy Infrastructure Fund Stock Performance

The firm’s 50 day simple moving average is $42.95 and its 200 day simple moving average is $39.91. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 17.59 and a beta of 0.64.

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

Large investors have recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC acquired a new position in shares of First Trust North American Energy Infrastructure Fund in the 4th quarter valued at $31,000. Darwin Wealth Management LLC acquired a new position in shares of First Trust North American Energy Infrastructure Fund in the 2nd quarter valued at $33,000. Root Financial Partners LLC acquired a new position in shares of First Trust North American Energy Infrastructure Fund in the 3rd quarter valued at $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 4th quarter. Sound Income Strategies LLC now owns 952 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 950 shares during the period. Finally, Assetmark Inc. lifted its stake in shares of First Trust North American Energy Infrastructure Fund by 71.7% in the 4th quarter. Assetmark Inc. now owns 972 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 406 shares during the period.

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.