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

Shares of First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $38.30 and last traded at $38.23, with a volume of 178970 shares traded. The stock had previously closed at $37.58.

First Trust North American Energy Infrastructure Fund Stock Performance

The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 17.22 and a beta of 0.52. The firm has a fifty day moving average price of $36.56 and a 200 day moving average price of $34.26.

Institutional Trading of First Trust North American Energy Infrastructure Fund

Institutional investors have recently added to or reduced their stakes in the stock. Prospera Private Wealth LLC acquired a new position in shares of First Trust North American Energy Infrastructure Fund during the 3rd quarter worth $27,000. Darwin Wealth Management LLC purchased a new position in First Trust North American Energy Infrastructure Fund during the 3rd quarter valued at about $30,000. Decker Retirement Planning Inc. acquired a new position in First Trust North American Energy Infrastructure Fund during the fourth quarter worth about $47,000. Eastern Bank purchased a new stake in shares of First Trust North American Energy Infrastructure Fund in the third quarter valued at about $70,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of First Trust North American Energy Infrastructure Fund in the third quarter valued at approximately $72,000.

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.