First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Sets New 52-Week High – Time to Buy?

Shares of First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) reached a new 52-week high during trading on Monday . The stock traded as high as $43.08 and last traded at $43.4550, with a volume of 247316 shares trading hands. The stock had previously closed at $42.82.

First Trust North American Energy Infrastructure Fund Stock Up 0.3%

The stock’s 50 day moving average price is $39.66 and its two-hundred day moving average price is $38.63. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 17.59 and a beta of 0.65.

Institutional Trading of First Trust North American Energy Infrastructure Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC grew its stake in shares of First Trust North American Energy Infrastructure Fund by 23.3% during the 2nd quarter. CWM LLC now owns 3,190 shares of the exchange traded fund’s stock worth $120,000 after purchasing an additional 602 shares during the period. Envestnet Asset Management Inc. boosted its holdings in First Trust North American Energy Infrastructure Fund by 11.4% during the second quarter. Envestnet Asset Management Inc. now owns 383,625 shares of the exchange traded fund’s stock worth $14,390,000 after buying an additional 39,216 shares in the last quarter. Winebrenner Capital Management LLC grew its position in shares of First Trust North American Energy Infrastructure Fund by 2.4% during the 2nd quarter. Winebrenner Capital Management LLC now owns 17,223 shares of the exchange traded fund’s stock valued at $646,000 after acquiring an additional 401 shares during the period. Arkadios Wealth Advisors raised its holdings in First Trust North American Energy Infrastructure Fund by 52.1% in the 2nd quarter. Arkadios Wealth Advisors now owns 43,685 shares of the exchange traded fund’s stock worth $1,639,000 after purchasing an additional 14,964 shares during the period. Finally, Integrity Alliance LLC. purchased a new position in First Trust North American Energy Infrastructure Fund during the second quarter worth approximately $497,000.

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.