First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Sets New 52-Week High – What’s Next?

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) shares reached a new 52-week high during trading on Friday . The stock traded as high as $38.61 and last traded at $38.5960, with a volume of 120144 shares traded. The stock had previously closed at $38.27.

First Trust North American Energy Infrastructure Fund Price Performance

The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 17.59 and a beta of 0.65. The stock has a 50 day moving average price of $37.98 and a two-hundred day moving average price of $37.56.

Institutional Trading of First Trust North American Energy Infrastructure Fund

Several hedge funds have recently made changes to their positions in EMLP. Apollon Wealth Management LLC increased its position in shares of First Trust North American Energy Infrastructure Fund by 13.5% during the first quarter. Apollon Wealth Management LLC now owns 6,829 shares of the exchange traded fund’s stock worth $256,000 after acquiring an additional 810 shares during the period. Allen Capital Group LLC acquired a new position in shares of First Trust North American Energy Infrastructure Fund in the 1st quarter valued at $207,000. Kingsview Wealth Management LLC boosted its holdings in shares of First Trust North American Energy Infrastructure Fund by 7.1% in the 1st quarter. Kingsview Wealth Management LLC now owns 76,914 shares of the exchange traded fund’s stock valued at $2,884,000 after buying an additional 5,127 shares in the last quarter. Private Advisor Group LLC grew its position in shares of First Trust North American Energy Infrastructure Fund by 28.1% in the 1st quarter. Private Advisor Group LLC now owns 191,296 shares of the exchange traded fund’s stock valued at $7,172,000 after buying an additional 41,986 shares during the last quarter. Finally, ARQ Wealth Advisors LLC raised its stake in First Trust North American Energy Infrastructure Fund by 7.0% during the 1st quarter. ARQ Wealth Advisors LLC now owns 46,920 shares of the exchange traded fund’s stock worth $1,759,000 after acquiring an additional 3,050 shares in the last quarter.

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.