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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP)’s share price hit a new 52-week high on Thursday . The company traded as high as $44.81 and last traded at $44.72, with a volume of 30300 shares. The stock had previously closed at $44.64.

First Trust North American Energy Infrastructure Fund Stock Up 0.2%

The firm has a fifty day moving average price of $43.68 and a 200-day moving average price of $42.75. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 17.59 and a beta of 0.56.

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

Large investors have recently added to or reduced their stakes in the business. Morgan Stanley grew its holdings in First Trust North American Energy Infrastructure Fund by 3.3% in the 4th quarter. Morgan Stanley now owns 18,510,517 shares of the exchange traded fund’s stock valued at $700,993,000 after buying an additional 591,927 shares during the period. Capital Investment Advisors LLC boosted its position in shares of First Trust North American Energy Infrastructure Fund by 5.7% in the fourth quarter. Capital Investment Advisors LLC now owns 4,189,659 shares of the exchange traded fund’s stock worth $158,662,000 after acquiring an additional 224,827 shares during the last quarter. AlTi Global Inc. boosted its position in shares of First Trust North American Energy Infrastructure Fund by 0.3% in the fourth quarter. AlTi Global Inc. now owns 2,869,696 shares of the exchange traded fund’s stock worth $108,675,000 after acquiring an additional 7,313 shares during the last quarter. Bank of America Corp DE grew its holdings in First Trust North American Energy Infrastructure Fund by 12.0% in the first quarter. Bank of America Corp DE now owns 2,383,147 shares of the exchange traded fund’s stock valued at $104,048,000 after purchasing an additional 256,270 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in First Trust North American Energy Infrastructure Fund by 2.8% in the fourth quarter. Wells Fargo & Company MN now owns 2,349,011 shares of the exchange traded fund’s stock valued at $88,957,000 after purchasing an additional 64,337 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.