First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Hits New 52-Week High at $31.02

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) shares reached a new 52-week high on Monday . The company traded as high as $31.02 and last traded at $31.01, with a volume of 20512 shares changing hands. The stock had previously closed at $30.96.

First Trust North American Energy Infrastructure Fund Trading Down 1.4 %

The business’s 50 day moving average price is $29.55 and its two-hundred day moving average price is $28.23. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 17.22 and a beta of 0.52.

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

Hedge funds have recently added to or reduced their stakes in the business. Jaffetilchin Investment Partners LLC raised its holdings in First Trust North American Energy Infrastructure Fund by 302.5% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 709,808 shares of the exchange traded fund’s stock worth $20,961,000 after purchasing an additional 533,454 shares during the last quarter. Jane Street Group LLC increased its stake in shares of First Trust North American Energy Infrastructure Fund by 1,308.8% in the 1st quarter. Jane Street Group LLC now owns 314,463 shares of the exchange traded fund’s stock valued at $9,286,000 after acquiring an additional 292,142 shares in the last quarter. Waverly Advisors LLC bought a new stake in shares of First Trust North American Energy Infrastructure Fund in the 1st quarter valued at $1,096,000. Pinnacle Wealth Planning Services Inc. increased its stake in shares of First Trust North American Energy Infrastructure Fund by 3.6% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 147,932 shares of the exchange traded fund’s stock valued at $4,368,000 after acquiring an additional 5,127 shares in the last quarter. Finally, Motco increased its stake in shares of First Trust North American Energy Infrastructure Fund by 32.9% in the 1st quarter. Motco now owns 43,313 shares of the exchange traded fund’s stock valued at $1,279,000 after acquiring an additional 10,731 shares in 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.