First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Sees Strong Trading Volume – Still a Buy?

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) shares saw an uptick in trading volume on Wednesday . 96,458 shares changed hands during mid-day trading, a decline of 51% from the previous session’s volume of 195,377 shares.The stock last traded at $35.90 and had previously closed at $35.81.

First Trust North American Energy Infrastructure Fund Stock Up 0.2 %

The company has a market capitalization of $2.94 billion, a PE ratio of 17.22 and a beta of 0.52. The firm has a 50-day moving average of $36.06 and a two-hundred day moving average of $33.77.

Institutional Trading of First Trust North American Energy Infrastructure Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cerity Partners OCIO LLC acquired a new position in First Trust North American Energy Infrastructure Fund during the 2nd quarter worth about $41,078,000. Arvest Bank Trust Division purchased a new position in shares of First Trust North American Energy Infrastructure Fund in the third quarter valued at approximately $24,152,000. International Assets Investment Management LLC boosted its stake in shares of First Trust North American Energy Infrastructure Fund by 3,200.0% in the third quarter. International Assets Investment Management LLC now owns 214,734 shares of the exchange traded fund’s stock valued at $7,215,000 after purchasing an additional 208,227 shares during the period. HBW Advisory Services LLC acquired a new position in shares of First Trust North American Energy Infrastructure Fund in the third quarter valued at approximately $3,586,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of First Trust North American Energy Infrastructure Fund in the second quarter worth $2,500,000.

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.