First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Reaches New 1-Year High – Still a Buy?

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $36.13 and last traded at $36.13, with a volume of 2914 shares. The stock had previously closed at $36.07.

First Trust North American Energy Infrastructure Fund Stock Up 0.6 %

The firm has a fifty day moving average price of $34.13 and a 200 day moving average price of $32.21. The company has a market cap of $2.97 billion, a P/E ratio of 17.22 and a beta of 0.52.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. increased its holdings in shares of First Trust North American Energy Infrastructure Fund by 6.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 507,844 shares of the exchange traded fund’s stock worth $15,469,000 after acquiring an additional 31,817 shares in the last quarter. Private Advisory Group LLC boosted its holdings in shares of First Trust North American Energy Infrastructure Fund by 9.8% in the second quarter. Private Advisory Group LLC now owns 100,301 shares of the exchange traded fund’s stock valued at $3,055,000 after buying an additional 8,927 shares during the period. Triad Wealth Partners LLC bought a new stake in shares of First Trust North American Energy Infrastructure Fund during the second quarter worth $60,000. ORG Partners LLC acquired a new stake in shares of First Trust North American Energy Infrastructure Fund during the second quarter worth $1,727,000. Finally, Ballew Advisors Inc increased its holdings in 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 purchasing an additional 602 shares in 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.