First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Reaches New 52-Week High – Should You Buy?

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) shares reached a new 52-week high on Tuesday . The stock traded as high as $40.55 and last traded at $40.51, with a volume of 119204 shares changing hands. The stock had previously closed at $39.84.

First Trust North American Energy Infrastructure Fund Stock Performance

The firm has a market cap of $3.62 billion, a P/E ratio of 17.59 and a beta of 0.65. The business’s 50-day simple moving average is $38.53 and its 200 day simple moving average is $38.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Decker Retirement Planning Inc. bought a new stake in First Trust North American Energy Infrastructure Fund during the second quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of First Trust North American Energy Infrastructure Fund in the fourth quarter worth approximately $31,000. Darwin Wealth Management LLC bought a new stake in shares of First Trust North American Energy Infrastructure Fund during the 2nd quarter valued at $33,000. Root Financial Partners LLC bought a new stake in First Trust North American Energy Infrastructure Fund during the third quarter valued at about $35,000. Finally, Sound Income Strategies LLC lifted its position in shares of First Trust North American Energy Infrastructure Fund by 47,500.0% in the fourth quarter. Sound Income Strategies LLC now owns 952 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 950 shares in the last quarter.

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.