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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $43.05 and last traded at $42.8250, with a volume of 17756 shares trading hands. The stock had previously closed at $42.96.

First Trust North American Energy Infrastructure Fund Stock Performance

The stock has a fifty day simple moving average of $39.06 and a two-hundred day simple moving average of $38.43. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 17.59 and a beta of 0.65.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EMLP. Silver Oak Securities Incorporated boosted its stake in shares of First Trust North American Energy Infrastructure Fund by 1.2% in the 4th quarter. Silver Oak Securities Incorporated now owns 23,299 shares of the exchange traded fund’s stock valued at $887,000 after purchasing an additional 287 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in First Trust North American Energy Infrastructure Fund by 10.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,295 shares of the exchange traded fund’s stock valued at $125,000 after buying an additional 302 shares in the last quarter. National Wealth Management Group LLC boosted its position in First Trust North American Energy Infrastructure Fund by 3.7% in the third quarter. National Wealth Management Group LLC now owns 8,809 shares of the exchange traded fund’s stock valued at $337,000 after buying an additional 311 shares in the last quarter. Tyler Stone Wealth Management grew its stake in shares of First Trust North American Energy Infrastructure Fund by 4.6% during the second quarter. Tyler Stone Wealth Management now owns 7,857 shares of the exchange traded fund’s stock worth $295,000 after buying an additional 343 shares during the last quarter. Finally, Level Four Advisory Services LLC increased its holdings in shares of First Trust North American Energy Infrastructure Fund by 3.1% during the second quarter. Level Four Advisory Services LLC now owns 11,887 shares of the exchange traded fund’s stock worth $446,000 after buying an additional 363 shares in the last quarter.

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.