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

Shares of First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $44.31 and last traded at $44.0070, with a volume of 527601 shares trading hands. The stock had previously closed at $43.86.

First Trust North American Energy Infrastructure Fund Stock Performance

The stock has a fifty day moving average of $42.26 and a 200-day moving average of $39.59. The company has a market cap of $3.96 billion, a PE ratio of 17.59 and a beta of 0.65.

First Trust North American Energy Infrastructure Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be given a $0.2993 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, March 26th. This is a positive change from First Trust North American Energy Infrastructure Fund’s previous quarterly dividend of $0.29.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of EMLP. Rockefeller Capital Management L.P. raised its position in shares of First Trust North American Energy Infrastructure Fund by 8.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 967,390 shares of the exchange traded fund’s stock worth $36,635,000 after purchasing an additional 76,535 shares during the last quarter. Worthington Financial Partners LLC purchased a new stake in First Trust North American Energy Infrastructure Fund in the 4th quarter valued at $859,000. Rehmann Capital Advisory Group boosted its position in shares of First Trust North American Energy Infrastructure Fund by 74.5% during the 4th quarter. Rehmann Capital Advisory Group now owns 11,297 shares of the exchange traded fund’s stock valued at $428,000 after acquiring an additional 4,822 shares during the last quarter. MV Capital Management Inc. purchased a new position in shares of First Trust North American Energy Infrastructure Fund during the 4th quarter worth $257,000. Finally, Sunbelt Securities Inc. boosted its position in First Trust North American Energy Infrastructure Fund by 12.2% in the 4th quarter. Sunbelt Securities Inc. now owns 11,132 shares of the exchange traded fund’s stock valued at $422,000 after buying an additional 1,209 shares during the period.

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.