First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Reaches New 1-Year High – Here’s What Happened

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $34.83 and last traded at $34.83, with a volume of 2138 shares traded. The stock had previously closed at $34.43.

First Trust North American Energy Infrastructure Fund Price Performance

The firm’s 50-day moving average price is $33.68 and its 200-day moving average price is $31.87. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 17.22 and a beta of 0.52.

Institutional Trading of First Trust North American Energy Infrastructure Fund

Large investors have recently bought and sold shares of the company. Apollon Wealth Management LLC purchased a new stake in First Trust North American Energy Infrastructure Fund during the 3rd quarter worth $205,000. Jaffetilchin Investment Partners LLC grew its stake in shares of First Trust North American Energy Infrastructure Fund by 6.2% during the third quarter. Jaffetilchin Investment Partners LLC now owns 775,014 shares of the exchange traded fund’s stock valued at $26,040,000 after acquiring an additional 44,931 shares in the last quarter. Cottonwood Capital Advisors LLC increased its position in shares of First Trust North American Energy Infrastructure Fund by 17.1% during the third quarter. Cottonwood Capital Advisors LLC now owns 32,379 shares of the exchange traded fund’s stock worth $1,088,000 after acquiring an additional 4,717 shares during the last quarter. Objective Capital Management LLC purchased a new stake in shares of First Trust North American Energy Infrastructure Fund during the third quarter worth about $807,000. Finally, Cozad Asset Management Inc. lifted its stake in shares of First Trust North American Energy Infrastructure Fund by 6.8% in the third quarter. Cozad Asset Management Inc. now owns 16,967 shares of the exchange traded fund’s stock worth $570,000 after acquiring an additional 1,074 shares in 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.