First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Sets New 52-Week High – What’s Next?

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $39.30 and last traded at $39.26, with a volume of 89462 shares. The stock had previously closed at $39.05.

First Trust North American Energy Infrastructure Fund Stock Up 0.7%

The stock has a market capitalization of $3.51 billion, a PE ratio of 17.59 and a beta of 0.65. The business’s fifty day moving average is $38.25 and its two-hundred day moving average is $37.98.

Institutional Trading of First Trust North American Energy Infrastructure Fund

Several institutional investors and hedge funds have recently modified their holdings of EMLP. Keystone Financial Group Inc. raised its position in shares of First Trust North American Energy Infrastructure Fund by 3.2% during the 4th quarter. Keystone Financial Group Inc. now owns 82,482 shares of the exchange traded fund’s stock worth $3,124,000 after purchasing an additional 2,536 shares during the last quarter. Silver Oak Securities Incorporated increased its position in First Trust North American Energy Infrastructure Fund by 1.2% during the fourth quarter. Silver Oak Securities Incorporated now owns 23,299 shares of the exchange traded fund’s stock worth $887,000 after buying an additional 287 shares in the last quarter. Hoese & Co LLP acquired a new position in shares of First Trust North American Energy Infrastructure Fund in the fourth quarter worth $64,000. Cottonwood Capital Advisors LLC lifted its position in shares of First Trust North American Energy Infrastructure Fund by 14.3% in the fourth quarter. Cottonwood Capital Advisors LLC now owns 31,685 shares of the exchange traded fund’s stock valued at $1,200,000 after acquiring an additional 3,952 shares in the last quarter. Finally, Capital Investment Advisors LLC lifted its position in shares of First Trust North American Energy Infrastructure Fund by 5.7% in the fourth quarter. Capital Investment Advisors LLC now owns 4,189,659 shares of the exchange traded fund’s stock valued at $158,662,000 after acquiring an additional 224,827 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.