First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Sets New 1-Year High – Here’s What Happened

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) shares reached 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. The stock had previously closed at $39.84.

First Trust North American Energy Infrastructure Fund Trading Up 1.6%

The firm has a market cap of $3.62 billion, a P/E ratio of 17.59 and a beta of 0.65. The business has a 50-day moving average price of $38.53 and a 200-day moving average price of $38.17.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Brian Low Financial Group LLC bought a new stake in shares of First Trust North American Energy Infrastructure Fund in the 2nd quarter valued at about $605,000. Rehmann Capital Advisory Group acquired a new stake in First Trust North American Energy Infrastructure Fund in the second quarter valued at approximately $213,000. Koshinski Asset Management Inc. purchased a new position in First Trust North American Energy Infrastructure Fund in the second quarter worth $333,000. Mutual Advisors LLC grew its holdings in First Trust North American Energy Infrastructure Fund by 22.8% in the second quarter. Mutual Advisors LLC now owns 32,280 shares of the exchange traded fund’s stock worth $1,220,000 after purchasing an additional 6,004 shares during the last quarter. Finally, Harbour Investments Inc. increased its position in shares of First Trust North American Energy Infrastructure Fund by 49.2% during the second quarter. Harbour Investments Inc. now owns 45,522 shares of the exchange traded fund’s stock worth $1,708,000 after purchasing an additional 15,021 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.