First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Hits New 1-Year High – Still a Buy?

Shares of First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $35.00 and last traded at $35.00, with a volume of 145 shares changing hands. The stock had previously closed at $34.10.

First Trust North American Energy Infrastructure Fund Price Performance

The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 17.22 and a beta of 0.52. The firm’s fifty day moving average is $33.54 and its 200-day moving average is $31.68.

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

Several institutional investors have recently made changes to their positions in EMLP. Cerity Partners OCIO LLC acquired a new position in shares of First Trust North American Energy Infrastructure Fund during the second quarter valued at about $41,078,000. Jaffetilchin Investment Partners LLC raised its holdings in shares of First Trust North American Energy Infrastructure Fund by 302.5% during the first quarter. Jaffetilchin Investment Partners LLC now owns 709,808 shares of the exchange traded fund’s stock valued at $20,961,000 after purchasing an additional 533,454 shares during the period. Jane Street Group LLC raised its holdings in shares of First Trust North American Energy Infrastructure Fund by 1,308.8% during the first quarter. Jane Street Group LLC now owns 314,463 shares of the exchange traded fund’s stock valued at $9,286,000 after purchasing an additional 292,142 shares during the period. International Assets Investment Management LLC increased its position in shares of First Trust North American Energy Infrastructure Fund by 3,200.0% during the third quarter. International Assets Investment Management LLC now owns 214,734 shares of the exchange traded fund’s stock worth $7,215,000 after acquiring an additional 208,227 shares in the last quarter. Finally, HBW Advisory Services LLC bought a new stake in shares of First Trust North American Energy Infrastructure Fund during the third quarter worth about $3,586,000.

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.