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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) hit a new 52-week high on Monday . The company traded as high as $43.93 and last traded at $43.8860, with a volume of 17550 shares trading hands. The stock had previously closed at $43.77.

First Trust North American Energy Infrastructure Fund Stock Performance

The firm has a fifty day simple moving average of $40.25 and a 200-day simple moving average of $38.84. The company has a market capitalization of $3.93 billion, a PE ratio of 17.59 and a beta of 0.65.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley grew its stake in First Trust North American Energy Infrastructure Fund by 3.3% in the fourth quarter. Morgan Stanley now owns 18,510,517 shares of the exchange traded fund’s stock worth $700,993,000 after purchasing an additional 591,927 shares in the last quarter. Capital Investment Advisors LLC lifted its holdings in First Trust North American Energy Infrastructure Fund by 5.7% during the 4th quarter. Capital Investment Advisors LLC now owns 4,189,659 shares of the exchange traded fund’s stock worth $158,662,000 after buying an additional 224,827 shares during the last quarter. AlTi Global Inc. grew its position in shares of First Trust North American Energy Infrastructure Fund by 0.3% in the 4th quarter. AlTi Global Inc. now owns 2,869,696 shares of the exchange traded fund’s stock worth $108,675,000 after acquiring an additional 7,313 shares in the last quarter. Glenview Trust co increased its holdings in shares of First Trust North American Energy Infrastructure Fund by 1.1% in the 2nd quarter. Glenview Trust co now owns 2,592,515 shares of the exchange traded fund’s stock valued at $97,245,000 after acquiring an additional 27,144 shares during the last quarter. Finally, Cresset Asset Management LLC raised its position in shares of First Trust North American Energy Infrastructure Fund by 5.3% during the 3rd quarter. Cresset Asset Management LLC now owns 2,463,288 shares of the exchange traded fund’s stock valued at $94,319,000 after acquiring an additional 124,195 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.