First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Reaches New 12-Month High – Here’s Why

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) reached a new 52-week high during trading on Friday . The stock traded as high as $38.61 and last traded at $38.5960, with a volume of 120144 shares traded. The stock had previously closed at $38.27.

First Trust North American Energy Infrastructure Fund Stock Performance

The company’s fifty day moving average price is $37.98 and its 200-day moving average price is $37.56. The stock has a market cap of $3.40 billion, a P/E ratio of 17.59 and a beta of 0.65.

Institutional Trading of First Trust North American Energy Infrastructure Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wagner Wealth Management LLC increased its position in shares of First Trust North American Energy Infrastructure Fund by 0.8% in the 2nd quarter. Wagner Wealth Management LLC now owns 36,658 shares of the exchange traded fund’s stock valued at $1,375,000 after acquiring an additional 282 shares during the period. National Wealth Management Group LLC raised its stake in shares of First Trust North American Energy Infrastructure Fund by 3.7% in the third quarter. National Wealth Management Group LLC now owns 8,809 shares of the exchange traded fund’s stock worth $337,000 after purchasing an additional 311 shares during the last quarter. Tandem Financial LLC lifted its holdings in shares of First Trust North American Energy Infrastructure Fund by 1.3% during the first quarter. Tandem Financial LLC now owns 25,862 shares of the exchange traded fund’s stock worth $970,000 after purchasing an additional 324 shares during the period. Tyler Stone Wealth Management lifted its holdings in shares of First Trust North American Energy Infrastructure Fund by 4.6% during the second quarter. Tyler Stone Wealth Management now owns 7,857 shares of the exchange traded fund’s stock worth $295,000 after purchasing an additional 343 shares during the period. Finally, Level Four Advisory Services LLC boosted its position in First Trust North American Energy Infrastructure Fund by 3.1% in the second quarter. Level Four Advisory Services LLC now owns 11,887 shares of the exchange traded fund’s stock valued at $446,000 after buying an additional 363 shares during the last quarter.

About First Trust North American Energy Infrastructure Fund

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.