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

Shares of First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) reached 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 has a market cap of $3.13 billion, a P/E ratio of 17.22 and a beta of 0.52. The business’s fifty day moving average is $36.42 and its 200-day moving average is $34.16.

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

Institutional investors have recently modified their holdings of the company. Prosperity Financial Group Inc. increased its stake in shares of First Trust North American Energy Infrastructure Fund by 4.8% in the 3rd quarter. Prosperity Financial Group Inc. now owns 9,655 shares of the exchange traded fund’s stock valued at $324,000 after acquiring an additional 442 shares in the last quarter. Blue Trust Inc. increased its stake in First Trust North American Energy Infrastructure Fund by 25.2% in the third quarter. Blue Trust Inc. now owns 2,830 shares of the exchange traded fund’s stock valued at $95,000 after purchasing an additional 570 shares in the last quarter. Prospera Financial Services Inc raised its holdings in shares of First Trust North American Energy Infrastructure Fund by 0.7% during the third quarter. Prospera Financial Services Inc now owns 88,303 shares of the exchange traded fund’s stock valued at $2,967,000 after purchasing an additional 591 shares during the period. Hancock Whitney Corp boosted its position in shares of First Trust North American Energy Infrastructure Fund by 1.8% during the 2nd quarter. Hancock Whitney Corp now owns 41,524 shares of the exchange traded fund’s stock worth $1,265,000 after purchasing an additional 724 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new stake in shares of First Trust North American Energy Infrastructure Fund in the 3rd quarter valued at about $27,000.

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.