First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Sees Large Volume Increase – What’s Next?

Shares of First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) saw unusually-high trading volume on Tuesday . Approximately 462,110 shares were traded during mid-day trading, an increase of 125% from the previous session’s volume of 205,601 shares.The stock last traded at $37.23 and had previously closed at $37.49.

First Trust North American Energy Infrastructure Fund Price Performance

The stock’s 50 day moving average price is $37.15 and its two-hundred day moving average price is $36.04. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 18.61 and a beta of 0.86.

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

A number of hedge funds have recently bought and sold shares of EMLP. Hobart Private Capital LLC increased its position in First Trust North American Energy Infrastructure Fund by 411.2% in the 1st quarter. Hobart Private Capital LLC now owns 237,683 shares of the exchange traded fund’s stock worth $8,911,000 after buying an additional 191,191 shares during the period. Fulcrum Equity Management increased its position in First Trust North American Energy Infrastructure Fund by 0.8% during the fourth quarter. Fulcrum Equity Management now owns 35,281 shares of the exchange traded fund’s stock worth $1,258,000 after acquiring an additional 294 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in First Trust North American Energy Infrastructure Fund during the 4th quarter valued at $550,000. Pinnacle Wealth Planning Services Inc. boosted its holdings in First Trust North American Energy Infrastructure Fund by 1.2% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 155,460 shares of the exchange traded fund’s stock valued at $5,542,000 after purchasing an additional 1,868 shares during the period. Finally, Armis Advisers LLC acquired a new stake in First Trust North American Energy Infrastructure Fund in the 4th quarter worth $382,000.

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.