First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Hits New 52-Week High at $29.58

Shares of First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) hit a new 52-week high during trading on Tuesday . The company traded as high as $29.58 and last traded at $29.57, with a volume of 11699 shares. The stock had previously closed at $29.40.

First Trust North American Energy Infrastructure Fund Stock Performance

The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 18.88 and a beta of 0.81. The business’s fifty day simple moving average is $28.16 and its 200 day simple moving average is $27.47.

Institutional Investors Weigh In On First Trust North American Energy Infrastructure Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada grew its position in shares of First Trust North American Energy Infrastructure Fund by 338.5% during the 1st quarter. Royal Bank of Canada now owns 4,315,519 shares of the exchange traded fund’s stock valued at $119,497,000 after buying an additional 3,331,278 shares during the last quarter. Morgan Stanley grew its position in shares of First Trust North American Energy Infrastructure Fund by 4.1% during the 4th quarter. Morgan Stanley now owns 15,500,985 shares of the exchange traded fund’s stock valued at $413,721,000 after buying an additional 605,251 shares during the last quarter. Arvest Investments Inc. bought a new stake in shares of First Trust North American Energy Infrastructure Fund during the 4th quarter valued at about $8,735,000. Beacon Pointe Advisors LLC bought a new stake in shares of First Trust North American Energy Infrastructure Fund during the 1st quarter valued at about $6,287,000. Finally, International Assets Investment Management LLC grew its position in First Trust North American Energy Infrastructure Fund by 2,485.3% in the 4th quarter. International Assets Investment Management LLC now owns 233,922 shares of the exchange traded fund’s stock worth $6,477,000 after purchasing an additional 224,874 shares during the last quarter.

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.