First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Sets New 1-Year High – Still a Buy?

Shares of First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) reached a new 52-week high during trading on Wednesday . The company traded as high as $34.83 and last traded at $34.83, with a volume of 2138 shares traded. The stock had previously closed at $34.43.

First Trust North American Energy Infrastructure Fund Stock Up 2.0 %

The company has a market capitalization of $2.88 billion, a PE ratio of 17.22 and a beta of 0.52. The firm has a 50-day moving average of $33.68 and a two-hundred day moving average of $31.87.

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

A number of large investors have recently modified their holdings of the business. Apollon Wealth Management LLC acquired a new position in First Trust North American Energy Infrastructure Fund during the 3rd quarter worth $205,000. Jaffetilchin Investment Partners LLC grew its holdings in First Trust North American Energy Infrastructure Fund by 6.2% during the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 775,014 shares of the exchange traded fund’s stock valued at $26,040,000 after buying an additional 44,931 shares during the last quarter. Cottonwood Capital Advisors LLC grew its holdings in shares of First Trust North American Energy Infrastructure Fund by 17.1% during the third quarter. Cottonwood Capital Advisors LLC now owns 32,379 shares of the exchange traded fund’s stock worth $1,088,000 after buying an additional 4,717 shares in the last quarter. Objective Capital Management LLC acquired a new position in First Trust North American Energy Infrastructure Fund in the 3rd quarter valued at $807,000. Finally, Cozad Asset Management Inc. lifted its position in First Trust North American Energy Infrastructure Fund by 6.8% during the third quarter. Cozad Asset Management Inc. now owns 16,967 shares of the exchange traded fund’s stock worth $570,000 after buying an additional 1,074 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.