Shares of First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP – Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $40.55 and last traded at $40.51, with a volume of 119204 shares trading hands. The stock had previously closed at $39.84.
First Trust North American Energy Infrastructure Fund Trading Up 0.1%
The firm has a market capitalization of $3.63 billion, a P/E ratio of 17.59 and a beta of 0.65. The business’s 50 day simple moving average is $38.63 and its two-hundred day simple moving average is $38.22.
Hedge Funds Weigh In On First Trust North American Energy Infrastructure Fund
A number of hedge funds have recently added to or reduced their stakes in the company. Truist Financial Corp boosted its stake in First Trust North American Energy Infrastructure Fund by 15.8% during the 2nd quarter. Truist Financial Corp now owns 24,572 shares of the exchange traded fund’s stock valued at $922,000 after purchasing an additional 3,354 shares during the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of First Trust North American Energy Infrastructure Fund by 34.5% during the second quarter. DAVENPORT & Co LLC now owns 7,397 shares of the exchange traded fund’s stock valued at $277,000 after purchasing an additional 1,898 shares in the last quarter. Blair William & Co. IL boosted its position in shares of First Trust North American Energy Infrastructure Fund by 58.0% during the second quarter. Blair William & Co. IL now owns 17,433 shares of the exchange traded fund’s stock valued at $654,000 after buying an additional 6,400 shares during the last quarter. Robertson Stephens Wealth Management LLC purchased a new stake in shares of First Trust North American Energy Infrastructure Fund during the second quarter valued at $212,000. Finally, JFS Wealth Advisors LLC bought a new stake in First Trust North American Energy Infrastructure Fund in the 2nd quarter worth about $38,000.
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.
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