First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Reaches New 52-Week 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 Thursday . The company traded as high as $39.52 and last traded at $39.39, with a volume of 443821 shares changing hands. The stock had previously closed at $39.07.

First Trust North American Energy Infrastructure Fund Stock Performance

The company has a market cap of $3.52 billion, a PE ratio of 17.59 and a beta of 0.65. The business’s 50-day moving average is $38.30 and its 200 day moving average is $38.02.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Decker Retirement Planning Inc. purchased a new position in shares of First Trust North American Energy Infrastructure Fund in the second quarter worth $27,000. Darwin Wealth Management LLC purchased a new position in shares of First Trust North American Energy Infrastructure Fund in the second quarter valued at about $33,000. Root Financial Partners LLC purchased a new stake in shares of First Trust North American Energy Infrastructure Fund during the third quarter worth about $35,000. Sound Income Strategies LLC grew its stake in shares of First Trust North American Energy Infrastructure Fund by 47,500.0% in the fourth quarter. Sound Income Strategies LLC now owns 952 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 950 shares during the last quarter. Finally, JFS Wealth Advisors LLC purchased a new position in First Trust North American Energy Infrastructure Fund during the 2nd quarter valued at about $38,000.

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.