First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Hits New 52-Week High at $29.96

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP)’s stock price reached a new 52-week high on Monday . The stock traded as high as $29.96 and last traded at $29.96, with a volume of 18147 shares changing hands. The stock had previously closed at $29.82.

First Trust North American Energy Infrastructure Fund Stock Up 0.6 %

The stock’s fifty day moving average is $29.01 and its two-hundred day moving average is $27.89. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 17.22 and a beta of 0.52.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. BKM Wealth Management LLC bought a new stake in First Trust North American Energy Infrastructure Fund in the 4th quarter valued at $28,000. City Holding Co. acquired a new position in First Trust North American Energy Infrastructure Fund during the 4th quarter worth approximately $39,000. GAMMA Investing LLC acquired a new stake in shares of First Trust North American Energy Infrastructure Fund during the 4th quarter valued at $46,000. Principal Securities Inc. bought a new position in First Trust North American Energy Infrastructure Fund in the 4th quarter valued at approximately $49,000. Finally, Larson Financial Group LLC grew its holdings in First Trust North American Energy Infrastructure Fund by 3,739.3% during the 4th quarter. Larson Financial Group LLC now owns 2,342 shares of the exchange traded fund’s stock worth $65,000 after acquiring an additional 2,281 shares during 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.