First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Reaches New 12-Month High – What’s Next?

Shares of First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $34.66 and last traded at $34.66, with a volume of 13457 shares trading hands. The stock had previously closed at $34.56.

First Trust North American Energy Infrastructure Fund Trading Up 0.2 %

The firm has a 50 day moving average price of $33.26 and a 200 day moving average price of $31.41. The stock has a market capitalization of $2.84 billion, a PE ratio of 17.22 and a beta of 0.52.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Capital Investment Advisors LLC boosted its holdings in First Trust North American Energy Infrastructure Fund by 1.2% in the 3rd quarter. Capital Investment Advisors LLC now owns 3,586,759 shares of the exchange traded fund’s stock worth $120,515,000 after buying an additional 41,565 shares during the period. Wealthspire Advisors LLC boosted its stake in shares of First Trust North American Energy Infrastructure Fund by 1.4% in the second quarter. Wealthspire Advisors LLC now owns 1,884,183 shares of the exchange traded fund’s stock worth $57,392,000 after acquiring an additional 26,372 shares during the period. LPL Financial LLC grew its position in shares of First Trust North American Energy Infrastructure Fund by 4.3% during the second quarter. LPL Financial LLC now owns 1,717,583 shares of the exchange traded fund’s stock worth $52,318,000 after purchasing an additional 70,047 shares in the last quarter. Comprehensive Wealth Management LLC raised its stake in First Trust North American Energy Infrastructure Fund by 0.4% during the 1st quarter. Comprehensive Wealth Management LLC now owns 1,451,325 shares of the exchange traded fund’s stock valued at $42,858,000 after purchasing an additional 5,804 shares during the period. Finally, Cerity Partners OCIO LLC purchased a new position in First Trust North American Energy Infrastructure Fund in the 2nd quarter worth approximately $41,078,000.

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.