First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Sets New 1-Year High – Time to Buy?

Shares of First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) reached a new 52-week high on Thursday . The stock traded as high as $38.75 and last traded at $38.72, with a volume of 20747 shares traded. The stock had previously closed at $38.28.

First Trust North American Energy Infrastructure Fund Stock Up 1.2%

The company has a market cap of $3.41 billion, a price-to-earnings ratio of 17.59 and a beta of 0.65. The stock has a fifty day moving average price of $38.05 and a two-hundred day moving average price of $37.62.

Institutional Trading of First Trust North American Energy Infrastructure Fund

A number of institutional investors have recently bought and sold shares of the business. Wagner Wealth Management LLC increased its holdings in shares of First Trust North American Energy Infrastructure Fund by 0.8% during the second quarter. Wagner Wealth Management LLC now owns 36,658 shares of the exchange traded fund’s stock worth $1,375,000 after purchasing an additional 282 shares during the period. National Wealth Management Group LLC grew its position in First Trust North American Energy Infrastructure Fund by 3.7% during the third quarter. National Wealth Management Group LLC now owns 8,809 shares of the exchange traded fund’s stock worth $337,000 after buying an additional 311 shares in the last quarter. Tandem Financial LLC increased its stake in First Trust North American Energy Infrastructure Fund by 1.3% during the 1st quarter. Tandem Financial LLC now owns 25,862 shares of the exchange traded fund’s stock worth $970,000 after acquiring an additional 324 shares during the period. Tyler Stone Wealth Management raised its holdings in First Trust North American Energy Infrastructure Fund by 4.6% in the 2nd quarter. Tyler Stone Wealth Management now owns 7,857 shares of the exchange traded fund’s stock valued at $295,000 after acquiring an additional 343 shares in the last quarter. Finally, Level Four Advisory Services LLC raised its holdings in First Trust North American Energy Infrastructure Fund by 3.1% in the 2nd quarter. Level Four Advisory Services LLC now owns 11,887 shares of the exchange traded fund’s stock valued at $446,000 after acquiring 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.