First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Reaches New 12-Month High – Here’s What Happened

Shares of First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) reached a new 52-week high during trading on Thursday . The stock traded as high as $44.76 and last traded at $44.73, with a volume of 308527 shares changing hands. The stock had previously closed at $43.88.

First Trust North American Energy Infrastructure Fund Price Performance

The firm’s 50-day moving average price is $43.64 and its 200 day moving average price is $40.50. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 17.59 and a beta of 0.59.

Institutional Trading of First Trust North American Energy Infrastructure Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Creative Planning increased its position in shares of First Trust North American Energy Infrastructure Fund by 4.1% in the second quarter. Creative Planning now owns 10,510 shares of the exchange traded fund’s stock worth $394,000 after acquiring an additional 415 shares in the last quarter. First Trust Advisors LP increased its position in shares of First Trust North American Energy Infrastructure Fund by 90.0% in the second quarter. First Trust Advisors LP now owns 13,298 shares of the exchange traded fund’s stock worth $499,000 after acquiring an additional 6,298 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of First Trust North American Energy Infrastructure Fund by 3.7% in the second quarter. Baird Financial Group Inc. now owns 86,427 shares of the exchange traded fund’s stock worth $3,242,000 after acquiring an additional 3,116 shares in the last quarter. Qube Research & Technologies Ltd increased its position in shares of First Trust North American Energy Infrastructure Fund by 233.4% in the second quarter. Qube Research & Technologies Ltd now owns 22,549 shares of the exchange traded fund’s stock worth $846,000 after acquiring an additional 15,785 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in shares of First Trust North American Energy Infrastructure Fund in the second quarter worth approximately $33,000.

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.