First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Sets New 1-Year High – What’s Next?

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $39.91 and last traded at $39.91, with a volume of 166816 shares changing hands. The stock had previously closed at $39.52.

First Trust North American Energy Infrastructure Fund Stock Up 0.5%

The firm has a market cap of $3.60 billion, a P/E ratio of 17.59 and a beta of 0.65. The business’s 50 day moving average is $38.47 and its 200-day moving average is $38.12.

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

Large investors have recently modified their holdings of the stock. Decker Retirement Planning Inc. bought a new stake in First Trust North American Energy Infrastructure Fund in the second quarter valued at about $27,000. Darwin Wealth Management LLC bought a new stake in shares of First Trust North American Energy Infrastructure Fund in the 2nd quarter valued at approximately $33,000. Root Financial Partners LLC acquired a new stake in shares of First Trust North American Energy Infrastructure Fund during the 3rd quarter valued at approximately $35,000. Sound Income Strategies LLC lifted its stake in First Trust North American Energy Infrastructure Fund by 47,500.0% during the fourth quarter. Sound Income Strategies LLC now owns 952 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 950 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings 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 worth $37,000 after purchasing an additional 406 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.