First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Reaches New 52-Week High – Should You Buy?

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $34.83 and last traded at $34.83, with a volume of 2138 shares trading hands. The stock had previously closed at $34.43.

First Trust North American Energy Infrastructure Fund Stock Performance

The company has a market capitalization of $2.92 billion, a PE ratio of 17.22 and a beta of 0.52. The company’s fifty day moving average is $33.78 and its 200-day moving average is $31.91.

Institutional Trading of First Trust North American Energy Infrastructure Fund

Several institutional investors and hedge funds have recently modified their holdings of the company. Concurrent Investment Advisors LLC lifted its position in shares of First Trust North American Energy Infrastructure Fund by 1.3% in the second quarter. Concurrent Investment Advisors LLC now owns 29,564 shares of the exchange traded fund’s stock valued at $901,000 after acquiring an additional 373 shares in the last quarter. Blue Trust Inc. lifted its position in shares of First Trust North American Energy Infrastructure Fund by 25.2% in the third quarter. Blue Trust Inc. now owns 2,830 shares of the exchange traded fund’s stock worth $95,000 after buying an additional 570 shares in the last quarter. Prospera Financial Services Inc increased its stake in First Trust North American Energy Infrastructure Fund by 0.7% in the 3rd quarter. Prospera Financial Services Inc now owns 88,303 shares of the exchange traded fund’s stock worth $2,967,000 after acquiring an additional 591 shares during the last quarter. Ballew Advisors Inc raised its holdings in shares of First Trust North American Energy Infrastructure Fund by 5.6% during the 2nd quarter. Ballew Advisors Inc now owns 11,369 shares of the exchange traded fund’s stock worth $353,000 after acquiring an additional 602 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in shares of First Trust North American Energy Infrastructure Fund by 9.1% during the 1st quarter. Oppenheimer & Co. Inc. now owns 8,426 shares of the exchange traded fund’s stock valued at $249,000 after acquiring an additional 700 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.