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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) hit a new 52-week high during trading on Tuesday . The stock traded as high as $44.30 and last traded at $44.24, with a volume of 71772 shares. The stock had previously closed at $43.48.

First Trust North American Energy Infrastructure Fund Trading Up 1.3%

The stock has a fifty day simple moving average of $41.86 and a two-hundred day simple moving average of $39.41. The firm has a market cap of $3.94 billion, a PE ratio of 17.59 and a beta of 0.65.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EMLP. Kohmann Bosshard Financial Services LLC bought a new position in shares of First Trust North American Energy Infrastructure Fund in the fourth quarter worth $31,000. Darwin Wealth Management LLC purchased a new stake in shares of First Trust North American Energy Infrastructure Fund in the 2nd quarter valued at about $33,000. Root Financial Partners LLC purchased a new position in shares of First Trust North American Energy Infrastructure Fund during the third quarter worth about $35,000. Sound Income Strategies LLC increased its position in shares of First Trust North American Energy Infrastructure Fund by 47,500.0% in the fourth quarter. Sound Income Strategies LLC now owns 952 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 950 shares during the last quarter. Finally, Assetmark Inc. raised its stake in First Trust North American Energy Infrastructure Fund by 71.7% in the fourth quarter. Assetmark Inc. now owns 972 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 406 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.