First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Hits New 12-Month High – Should You Buy?

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $35.00 and last traded at $35.00, with a volume of 145 shares trading hands. The stock had previously closed at $34.10.

First Trust North American Energy Infrastructure Fund Stock Performance

The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 17.22 and a beta of 0.52. The business’s 50 day moving average is $33.48 and its 200 day moving average is $31.61.

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

A number of institutional investors have recently bought and sold shares of EMLP. Capital Investment Advisors LLC boosted its stake in shares of First Trust North American Energy Infrastructure Fund by 1.2% during the 3rd quarter. Capital Investment Advisors LLC now owns 3,586,759 shares of the exchange traded fund’s stock valued at $120,515,000 after buying an additional 41,565 shares during the period. Wealthspire Advisors LLC boosted its position in First Trust North American Energy Infrastructure Fund by 1.4% during the second quarter. Wealthspire Advisors LLC now owns 1,884,183 shares of the exchange traded fund’s stock valued at $57,392,000 after purchasing an additional 26,372 shares during the last quarter. LPL Financial LLC grew its stake in First Trust North American Energy Infrastructure Fund by 4.3% in the second quarter. LPL Financial LLC now owns 1,717,583 shares of the exchange traded fund’s stock valued at $52,318,000 after purchasing an additional 70,047 shares in the last quarter. Comprehensive Wealth Management LLC increased its position in First Trust North American Energy Infrastructure Fund by 0.4% in the 1st quarter. Comprehensive Wealth Management LLC now owns 1,451,325 shares of the exchange traded fund’s stock worth $42,858,000 after purchasing an additional 5,804 shares during the last quarter. Finally, Cerity Partners OCIO LLC purchased a new stake in shares of First Trust North American Energy Infrastructure Fund during the 2nd quarter worth about $41,078,000.

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.