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

Shares of First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) reached a new 52-week high on Friday . The company traded as high as $44.80 and last traded at $44.6570, with a volume of 39444 shares. The stock had previously closed at $44.31.

First Trust North American Energy Infrastructure Fund Price Performance

The firm has a 50 day moving average price of $43.64 and a 200-day moving average price of $42.59. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 17.59 and a beta of 0.56.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EMLP. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of First Trust North American Energy Infrastructure Fund during the 4th quarter worth approximately $31,000. Darwin Wealth Management LLC bought a new stake in shares of First Trust North American Energy Infrastructure Fund during the second quarter worth approximately $33,000. Sound Income Strategies LLC lifted its holdings in First Trust North American Energy Infrastructure Fund by 47,500.0% in the fourth quarter. Sound Income Strategies LLC now owns 952 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 950 shares during the period. Assetmark Inc. lifted its holdings in First Trust North American Energy Infrastructure Fund by 71.7% in the fourth quarter. Assetmark Inc. now owns 972 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 406 shares during the period. Finally, Bessemer Group Inc. bought a new position in First Trust North American Energy Infrastructure Fund in the first quarter valued at approximately $41,000.

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.