First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Hits New 52-Week High – Here’s What Happened

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) reached a new 52-week high on Thursday . The company traded as high as $44.76 and last traded at $44.73, with a volume of 308527 shares changing hands. The stock had previously closed at $43.88.

First Trust North American Energy Infrastructure Fund Stock Performance

The business has a 50 day moving average price of $43.64 and a two-hundred day moving average price of $40.50. The company has a market cap of $4.08 billion, a P/E ratio of 17.59 and a beta of 0.63.

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. Beam Wealth Advisors Inc. lifted its stake in shares of First Trust North American Energy Infrastructure Fund by 8.9% in the 1st quarter. Beam Wealth Advisors Inc. now owns 12,698 shares of the exchange traded fund’s stock valued at $554,000 after acquiring an additional 1,039 shares during the last quarter. Greenwood Capital Associates LLC lifted its stake in shares of First Trust North American Energy Infrastructure Fund by 29.9% in the 1st quarter. Greenwood Capital Associates LLC now owns 12,793 shares of the exchange traded fund’s stock valued at $559,000 after acquiring an additional 2,945 shares during the last quarter. Ascentis Independent Advisors bought a new stake in shares of First Trust North American Energy Infrastructure Fund in the 1st quarter valued at about $2,366,000. GM Advisory Group LLC raised its position in First Trust North American Energy Infrastructure Fund by 49.9% during the 1st quarter. GM Advisory Group LLC now owns 14,064 shares of the exchange traded fund’s stock valued at $614,000 after purchasing an additional 4,680 shares during the last quarter. Finally, Koshinski Asset Management Inc. lifted its holdings in First Trust North American Energy Infrastructure Fund by 97.3% in the 1st quarter. Koshinski Asset Management Inc. now owns 17,000 shares of the exchange traded fund’s stock worth $742,000 after buying an additional 8,383 shares during the period.

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.