First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Hits New 12-Month High – Still a Buy?

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) shares hit a new 52-week high during trading on Monday . The company traded as high as $43.93 and last traded at $43.8860, with a volume of 17550 shares. The stock had previously closed at $43.77.

First Trust North American Energy Infrastructure Fund Price Performance

The company has a market cap of $3.93 billion, a P/E ratio of 17.59 and a beta of 0.65. The stock has a fifty day moving average price of $40.01 and a two-hundred day moving average price of $38.75.

Institutional Trading of First Trust North American Energy Infrastructure Fund

Several institutional investors have recently made changes to their positions in the company. MV Capital Management Inc. purchased a new stake in shares of First Trust North American Energy Infrastructure Fund in the fourth quarter valued at about $257,000. Sunbelt Securities Inc. grew its position in First Trust North American Energy Infrastructure Fund by 12.2% in the 4th quarter. Sunbelt Securities Inc. now owns 11,132 shares of the exchange traded fund’s stock worth $422,000 after purchasing an additional 1,209 shares in the last quarter. Compound Planning Inc. increased its stake in First Trust North American Energy Infrastructure Fund by 2.4% in the 4th quarter. Compound Planning Inc. now owns 10,816 shares of the exchange traded fund’s stock valued at $410,000 after buying an additional 258 shares during the last quarter. Corient Private Wealth LLC increased its stake in First Trust North American Energy Infrastructure Fund by 81.9% in the 4th quarter. Corient Private Wealth LLC now owns 191,547 shares of the exchange traded fund’s stock valued at $7,254,000 after buying an additional 86,266 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its position in shares of First Trust North American Energy Infrastructure Fund by 85.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 68,381 shares of the exchange traded fund’s stock worth $2,590,000 after buying an additional 31,544 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.