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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) saw unusually-high trading volume on Tuesday . Approximately 299,485 shares changed hands during trading, an increase of 46% from the previous session’s volume of 205,206 shares.The stock last traded at $37.46 and had previously closed at $37.71.

First Trust North American Energy Infrastructure Fund Stock Down 0.6 %

The firm has a market capitalization of $3.24 billion, a PE ratio of 18.61 and a beta of 0.86. The firm has a 50-day moving average price of $37.13 and a 200 day moving average price of $35.83.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Measured Risk Portfolios Inc. purchased a new position in shares of First Trust North American Energy Infrastructure Fund in the 4th quarter valued at about $25,000. Duncker Streett & Co. Inc. purchased a new stake in shares of First Trust North American Energy Infrastructure Fund during the fourth quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in First Trust North American Energy Infrastructure Fund in the fourth quarter valued at approximately $29,000. First Horizon Advisors Inc. purchased a new position in First Trust North American Energy Infrastructure Fund in the fourth quarter worth approximately $37,000. Finally, Transce3nd LLC acquired a new position in First Trust North American Energy Infrastructure Fund during the 4th quarter worth approximately $38,000.

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.