First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Reaches New 1-Year High – Should You Buy?

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLPGet Free Report)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $35.97 and last traded at $35.86, with a volume of 14204 shares trading hands. The stock had previously closed at $35.89.

First Trust North American Energy Infrastructure Fund Trading Down 0.7 %

The company has a market cap of $2.92 billion, a PE ratio of 17.22 and a beta of 0.52. The business has a 50 day simple moving average of $33.89 and a two-hundred day simple moving average of $32.03.

Institutional Investors Weigh In On First Trust North American Energy Infrastructure Fund

A number of hedge funds have recently made changes to their positions in EMLP. Cetera Investment Advisers grew its position in First Trust North American Energy Infrastructure Fund by 110.2% during the 1st quarter. Cetera Investment Advisers now owns 149,279 shares of the exchange traded fund’s stock worth $4,408,000 after purchasing an additional 78,246 shares in the last quarter. Cetera Advisors LLC grew its position in First Trust North American Energy Infrastructure Fund by 43.1% in the first quarter. Cetera Advisors LLC now owns 52,481 shares of the exchange traded fund’s stock valued at $1,550,000 after purchasing an additional 15,817 shares in the last quarter. Capital Investment Advisors LLC lifted its stake in shares of First Trust North American Energy Infrastructure Fund by 2.1% during the 2nd quarter. Capital Investment Advisors LLC now owns 3,545,194 shares of the exchange traded fund’s stock worth $107,987,000 after buying an additional 72,246 shares during the last quarter. Jane Street Group LLC boosted its holdings in First Trust North American Energy Infrastructure Fund by 1,308.8% in the 1st quarter. Jane Street Group LLC now owns 314,463 shares of the exchange traded fund’s stock valued at $9,286,000 after purchasing an additional 292,142 shares during the period. Finally, ARQ Wealth Advisors LLC acquired a new position in First Trust North American Energy Infrastructure Fund during the 1st quarter worth approximately $1,083,000.

About First Trust North American Energy Infrastructure Fund

(Get Free Report)

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.

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