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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $38.00 and last traded at $37.87, with a volume of 2466 shares traded. The stock had previously closed at $37.78.

First Trust North American Energy Infrastructure Fund Stock Up 0.4 %

The stock has a market cap of $3.08 billion, a PE ratio of 17.22 and a beta of 0.52. The business’s 50-day simple moving average is $34.63 and its 200-day simple moving average is $32.51.

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

A number of large investors have recently made changes to their positions in EMLP. Concurrent Investment Advisors LLC boosted its holdings in First Trust North American Energy Infrastructure Fund by 1.3% in the second quarter. Concurrent Investment Advisors LLC now owns 29,564 shares of the exchange traded fund’s stock valued at $901,000 after acquiring an additional 373 shares in the last quarter. Prosperity Financial Group Inc. raised its stake in First Trust North American Energy Infrastructure Fund by 4.8% in the third quarter. Prosperity Financial Group Inc. now owns 9,655 shares of the exchange traded fund’s stock worth $324,000 after buying an additional 442 shares in the last quarter. Blue Trust Inc. boosted its position in First Trust North American Energy Infrastructure Fund by 25.2% during the 3rd quarter. Blue Trust Inc. now owns 2,830 shares of the exchange traded fund’s stock valued at $95,000 after acquiring an additional 570 shares in the last quarter. Prospera Financial Services Inc raised its position in shares of First Trust North American Energy Infrastructure Fund by 0.7% in the 3rd quarter. Prospera Financial Services Inc now owns 88,303 shares of the exchange traded fund’s stock worth $2,967,000 after acquiring an additional 591 shares in the last quarter. Finally, Ballew Advisors Inc lifted its stake in shares of First Trust North American Energy Infrastructure Fund by 5.6% in the 2nd quarter. Ballew Advisors Inc now owns 11,369 shares of the exchange traded fund’s stock valued at $353,000 after purchasing an additional 602 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.