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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $44.80 and last traded at $44.6570, with a volume of 39444 shares. The stock had previously closed at $44.31.

First Trust North American Energy Infrastructure Fund Stock Performance

The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 17.59 and a beta of 0.56. The firm has a 50-day moving average price of $43.62 and a two-hundred day moving average price of $42.58.

Hedge Funds Weigh In On First Trust North American Energy Infrastructure Fund

Several hedge funds have recently added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC acquired a new position in shares of First Trust North American Energy Infrastructure Fund in the 4th quarter valued at $31,000. Darwin Wealth Management LLC acquired a new stake in First Trust North American Energy Infrastructure Fund during the 2nd quarter worth $33,000. Sound Income Strategies LLC raised its stake in First Trust North American Energy Infrastructure Fund by 47,500.0% during the 4th quarter. Sound Income Strategies LLC now owns 952 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 950 shares in the last quarter. Assetmark Inc. lifted its position 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 acquiring an additional 406 shares during the last quarter. Finally, Bessemer Group Inc. purchased a new stake in First Trust North American Energy Infrastructure Fund in the first quarter valued at $41,000.

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.