First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Reaches New 52-Week High – Here’s What Happened

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $38.30 and last traded at $38.23, with a volume of 178970 shares traded. The stock had previously closed at $37.58.

First Trust North American Energy Infrastructure Fund Stock Performance

The firm’s 50 day moving average is $36.42 and its 200 day moving average is $34.16. The stock has a market cap of $3.13 billion, a P/E ratio of 17.22 and a beta of 0.52.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Arvest Bank Trust Division acquired a new stake in First Trust North American Energy Infrastructure Fund during the 3rd quarter worth about $24,152,000. International Assets Investment Management LLC lifted its holdings in shares of First Trust North American Energy Infrastructure Fund by 3,200.0% during the third quarter. International Assets Investment Management LLC now owns 214,734 shares of the exchange traded fund’s stock worth $7,215,000 after purchasing an additional 208,227 shares during the period. HBW Advisory Services LLC purchased a new stake in First Trust North American Energy Infrastructure Fund in the third quarter valued at approximately $3,586,000. Sanctuary Advisors LLC acquired a new position in First Trust North American Energy Infrastructure Fund in the 2nd quarter worth approximately $2,500,000. Finally, Focus Financial Network Inc. lifted its stake in First Trust North American Energy Infrastructure Fund by 1,012.9% during the 3rd quarter. Focus Financial Network Inc. now owns 80,509 shares of the exchange traded fund’s stock valued at $2,705,000 after acquiring an additional 73,275 shares during the period.

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.