First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Sets New 12-Month High – Time to Buy?

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $40.99 and last traded at $40.6450, with a volume of 198124 shares traded. The stock had previously closed at $40.57.

First Trust North American Energy Infrastructure Fund Trading Down 0.0%

The company has a market cap of $3.65 billion, a PE ratio of 17.59 and a beta of 0.65. The stock has a 50 day moving average price of $38.66 and a 200 day moving average price of $38.26.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Capital Investment Advisors LLC increased its stake in shares of First Trust North American Energy Infrastructure Fund by 5.7% during the fourth quarter. Capital Investment Advisors LLC now owns 4,189,659 shares of the exchange traded fund’s stock valued at $158,662,000 after purchasing an additional 224,827 shares in the last quarter. Glenview Trust co increased its position in First Trust North American Energy Infrastructure Fund by 1.1% during the 2nd quarter. Glenview Trust co now owns 2,592,515 shares of the exchange traded fund’s stock valued at $97,245,000 after buying an additional 27,144 shares in the last quarter. Cresset Asset Management LLC raised its stake in First Trust North American Energy Infrastructure Fund by 5.3% during the third quarter. Cresset Asset Management LLC now owns 2,463,288 shares of the exchange traded fund’s stock valued at $94,319,000 after buying an additional 124,195 shares during the last quarter. Wealthspire Advisors LLC raised its stake in First Trust North American Energy Infrastructure Fund by 1.5% during the second quarter. Wealthspire Advisors LLC now owns 2,099,516 shares of the exchange traded fund’s stock valued at $78,753,000 after buying an additional 31,960 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of First Trust North American Energy Infrastructure Fund by 7.6% in the third quarter. Bank of America Corp DE now owns 2,051,338 shares of the exchange traded fund’s stock worth $78,546,000 after acquiring an additional 145,327 shares during 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.