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) shares hit a new 52-week high during mid-day trading 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 Trading 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 PE ratio of 17.59 and a beta of 0.56.

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

A number of institutional investors have recently bought and sold shares of EMLP. Lee Johnson Capital Management LLC grew its holdings in shares of First Trust North American Energy Infrastructure Fund by 2.6% during the first quarter. Lee Johnson Capital Management LLC now owns 9,677 shares of the exchange traded fund’s stock worth $422,000 after buying an additional 248 shares in the last quarter. Wagner Wealth Management LLC lifted its stake in shares of First Trust North American Energy Infrastructure Fund by 0.7% during the first quarter. Wagner Wealth Management LLC now owns 39,222 shares of the exchange traded fund’s stock valued at $1,712,000 after buying an additional 257 shares during the period. Compound Planning Inc. lifted its stake in shares of First Trust North American Energy Infrastructure Fund by 2.4% during the fourth quarter. Compound Planning Inc. now owns 10,816 shares of the exchange traded fund’s stock valued at $410,000 after buying an additional 258 shares during the period. Silver Oak Securities Incorporated boosted its position in First Trust North American Energy Infrastructure Fund by 1.2% during the fourth quarter. Silver Oak Securities Incorporated now owns 23,299 shares of the exchange traded fund’s stock worth $887,000 after acquiring an additional 287 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in First Trust North American Energy Infrastructure Fund by 10.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,295 shares of the exchange traded fund’s stock worth $125,000 after acquiring an additional 302 shares during 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.