First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Hits New 52-Week High – Here’s What Happened

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $44.31 and last traded at $44.0070, with a volume of 527601 shares traded. The stock had previously closed at $43.86.

First Trust North American Energy Infrastructure Fund Trading Down 0.6%

The stock has a market cap of $3.91 billion, a P/E ratio of 17.59 and a beta of 0.65. The business’s fifty day simple moving average is $42.45 and its 200 day simple moving average is $39.67.

First Trust North American Energy Infrastructure Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.2993 dividend. This is an increase from First Trust North American Energy Infrastructure Fund’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EMLP. Morgan Stanley increased its stake in shares of 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. Forefront Wealth Partners LLC acquired a new position in shares of First Trust North American Energy Infrastructure Fund during the third quarter valued at $9,934,000. Capital Investment Advisors LLC boosted its holdings in 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 valued at $158,662,000 after acquiring an additional 224,827 shares during the last quarter. Nvest Wealth Strategies Inc. bought a new position in First Trust North American Energy Infrastructure Fund in the fourth quarter valued at about $8,276,000. Finally, Crusonia Wealth Advisors LLC acquired a new stake in First Trust North American Energy Infrastructure Fund in the fourth quarter worth about $7,522,000.

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.